$6,200,000
SOLD DEC 31, 2024
12 Beds
16 Baths
8,896 Sq Ft
9,001 Sq Ft Lot

Recently Sold

$697 Per Sq Ft

11% Below List Price

39 Days on Market

Highlights

  • New Construction
  • Engineered Wood Flooring
  • Quartz Countertops
  • Solar Power System
  • Farmhouse Style Home
  • Balcony

About This Home

As of December 2024

One of a kind asset in one of the most desirable markets in the country! Located in prime Brentwood just south of San Vicente, this beautiful new construction 3-unit opportunity was built by award winning developer Thomas James Homes. This development consists of three modern, high-end residential units designed to meet the demands of contemporary living while ensuring sustainability and luxury. The property has a massive 3,214 sq ft 4 bedroom/6 bedroom house in the front and a townhome duplex in the back. The front home can be delivered vacant at close of escrow making this the ideal owner-user opportunity! Offered at $781/ft and a 5.56% cap rate, this asset is offered at extremely attractive metrics. Most single family homes in the 90049 zip code sell for well over $1,000/ft for new construction product. Also, the duplex units are occupied on long term leases bringing in strong rental income to offset a new buyer's mortgage. As you step inside the front house, you'll be welcomed by an open and airy layout, highlighted by high ceilings and an abundance of natural light. The gourmet kitchen is a culinary dream, complete with a center island, bar seating, brand-new stainless-steel appliances, and a convenient walk-in pantry. Venture outside to your expansive private backyard, perfect for entertaining. Enjoy a built-in BBQ area with grill and beverage fridge, alongside a variety of covered and uncovered patio spaces, all framed by a lush grassy lawn and hedgingideal for gatherings or relaxing in peace. Additional features include a main level office, multiple living areas on each floor, and a grand primary suite with a walk-in closet and a luxurious spa-like bath with a separate shower and soaking tub. The third-level family room opens to an expansive covered patio, offering breathtaking views of the city and mountains. For your convenience, a side-by-side washer and dryer are located in an upstairs closet, and a private 2-car garage provides ample parking and storage.This exceptional Brentwood residence is meticulously crafted for modern luxury living, providing a lifestyle of unparalleled comfort and style. Enjoy immediate access to the finest boutiques, gourmet dining, and all that San Vicente Blvd has to offer, with the beach just a short drive away. This is more than just a home; it's a rare lifestyle opportunity waiting for you!

Last Agent to Sell the Property

John Katnik

BRC Advisors- BH License #02002695 Listed on: 11/07/2024

BRC Advisors- BH

Last Buyer's Agent

John Katnik

BRC Advisors- BH License #02002695 Listed on: 11/07/2024

BRC Advisors- BH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $51,067

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 9,001 Sq Ft Lot
  • Lot Dimensions are 60x150
  • South Facing Home
  • Gated Home
  • Sprinklers on Timer

Parking

  • 7 Car Garage

Home Design

  • Farmhouse Style Home
  • Split Level Home
  • Vertical Siding

Interior Spaces

  • 8,896 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace

Kitchen

  • Gas Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Walk-In Closet
  • 16 Bathrooms
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Balcony
  • Built-In Barbecue

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for gas, water, trash collection, electricity
  • The owner pays for gardener
  • Assessor Parcel Number 4265-009-045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$51,067

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Farm House
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 8896
  • Lot Acreage: 0.2067
  • Lot Dimensions: 60x150
  • Probate: No
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2023
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Gas
  • Flooring: Engineered Hardwood, Tile
  • Appliances: Built-In BBQ, Range, Range Hood, Oven-Gas
  • Bedrooms: 12
  • Bedroom Features: WalkInCloset
  • Bathroom Features: Shower and Tub, Double Vanity(s)
  • Kitchen Features: Quartz Counters
  • Laundry: In Unit, On Upper Level, Room
  • Laundry Equipment: Own
  • Total Bathrooms: 16.00
  • Equipment: Dishwasher, Dryer, Microwave, Washer, Solar Panels, Refrigerator, Range/Oven, Barbeque, Garbage Disposal
  • Price Per S Q F T: 781.25

Exterior Features

  • Direction Faces: South
  • Construction: Vertical Siding
  • Other Features: Barbecue Private
  • Other Structures: None
  • Patio: Covered, Balcony
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 7

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Security: Gated
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler Timer
  • Assessed Improvement Value: 0
  • Assessed Land Percent: 100
  • Assessed Land Value: 4146618
  • Total Assessed Value: 4146618
  • Assessor Parcel Number: 4265-009-045
  • Lot Size Area: 9001

Rental Info

  • Owner Pays: Gardener
  • Rent Control: No
  • Tenant Pays: Gas, Water, Trash Collection, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.13
  • Number Of Units: 3
  • Total Annual Expense: 95917
  • Type Of Units: 4 Bedrooms
  • Vacancy Allow Percent: 2.00
  • Vacancy Rate: 33.33

Tax Info

  • Private Transfer Taxes: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2024
Closed on
Dec 18, 2024
Sold by
Btr La21g Llc
Bought by
Verma Family Trust and Verma
Seller's Agent
John Katnik
BRC Advisors- BH
Buyer's Agent
John Katnik
BRC Advisors- BH
List Price
$6,950,000
Sold Price
$6,200,000
Premium/Discount to List
-$750,000
-10.79%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.75%
Original Mortgage
$3,410,000
Outstanding Balance
$3,400,484
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$2,894,430

Purchase Details

Closed on
Feb 25, 2021
Sold by
Btr La21a Llc
Bought by
Btr La21g Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,967,283
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 30, 2020
Sold by
La20a Llc
Bought by
Btr La21a Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,967,283
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 25, 2020
Sold by
Qutami Georgia and The 1998 Georgia Qutami Revoca
Bought by
La20a Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2014
Sold by
Qutami Aristotle
Bought by
Qutami Arstotle N and Aristotle N Qutami Separate Property Tr

Purchase Details

Closed on
Oct 2, 2013
Sold by
Qutami Georgia
Bought by
Qutami Georgia and 1998 Georgia Qutami Revocable Trust

Purchase Details

Closed on
Aug 1, 2012
Sold by
Vourgourakis Miriam
Bought by
Vourgourakis Miriam and 2012 Miriam Vourgrouakis Revocable Trust

Purchase Details

Closed on
May 23, 2005
Sold by
Qutami Georgia
Bought by
Qutami Georgia and Qutami Miriam

Purchase Details

Closed on
Jul 16, 1998
Sold by
Qutami Georgia
Bought by
Qutami Georgia and 1998 Georgia Qutami Revocable Living Tr

Purchase Details

Closed on
Jan 13, 1998
Sold by
Georgia Gutami Trust Gutami, Nazmi And Georgi
Bought by
Qutami Georgia

Purchase Details

Closed on
Sep 14, 1994
Sold by
Qutami Nazmi
Bought by
Qutami Nazmi and Qutami Georgia

Purchase Details

Closed on
Nov 24, 1993
Sold by
Qutami Nazmi
Bought by
Qutami Nazmi and Qutami Georgia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
6.89%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $6,200,000 Fidelity National Title
Grant Deed -- Lawyers Title
Grant Deed $1,986,000 Lawyers Title
Grant Deed $2,475,000 North American Title Co Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- Gateway Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,410,000 New Conventional
Previous Owner $4,967,283 Construction
Previous Owner $2,000,000 Commercial
Previous Owner $100,000 Credit Line Revolving
Previous Owner $202,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Rent $13,750 0.0% --
12/31/2024 12/31/24 Sold $6,200,000 -10.8% $697 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
11/07/2024 11/07/24 For Sale $6,950,000 0.0% $781 / Sq Ft
10/04/2024 10/04/24 Rented $12,500 0.0% --
09/12/2024 09/12/24 Price Changed $12,500 0.0% $4 / Sq Ft
09/12/2024 09/12/24 For Rent $12,500 -13.8% --
09/11/2024 09/11/24 Off Market $14,500 -- --
02/27/2024 02/27/24 For Rent $14,500 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $51,067 $4,229,550 $4,229,550 --
2023 $50,063 $4,146,618 $4,146,618 $0
2022 $47,710 $4,065,312 $4,065,312 $0
2021 $47,153 $3,985,600 $3,188,500 $797,100
2020 $3,607 $274,583 $202,361 $72,222
2019 $3,474 $269,200 $198,394 $70,806
2018 $3,346 $263,922 $194,504 $69,418
2016 $3,191 $253,675 $186,952 $66,723
2015 $3,146 $249,865 $184,144 $65,721
2014 $3,168 $244,971 $180,537 $64,434
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-461145

The MLS

APN: 4265-009-045