NOT LISTED FOR SALE

123 S Bowling Green Way Los Angeles, CA 90049

Brentwood Neighborhood

Estimated Value: $3,303,000 - $3,503,000

7 Beds
5 Baths
5,136 Sq Ft
$659/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $3,146,439 $613 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $21,867/month

96 Days on Market

Highlights

  • Laundry Room
  • Wall Furnace
  • Front Yard
  • Level Lot

About This Home

As of December 2021

Rare 3 Unit in Brentwood CA on large 8,131 Sq. Ft. R-1 Lot. South of Sunset Blvd. Very, Very large units. Property can be used as income property, rehabbed or possibly torn down and build a brand new home. 3rd unit is a large ADU - 1,000 sq. foot 1 bedroom + bathroom + kitchen located over the garages.
Each 3 bedroom + 2 bath units has 2,000 sq. ft. of living space. Located on Serene, Tree lined street. Over 40% in potential rent upside! The two 3 bedroom units have Luxury Exempt certificates so apparently are NOT subject to rent control. Buyer to Confirm. Additionally, The two 3 bedroom units each have a fireplace in the front room. The 1 Bedroom + 1 bathroom unit should rent for at least $3,000/mo. Property to be delivered at COE with tenants occupying the two 3 bedroom units
TENANT OCCUPIED - DO NOT WALK ON PROPERTY.

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 08/25/2021

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Sierus Erdelyi

TruLine Realty License #01870547

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,959

Year Built

  • Built in 1929

Lot Details

  • 8,131 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Front Yard

Parking

  • 1 Open Parking Space
  • 4 Car Garage

Interior Spaces

  • 5,136 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 208
  • Tax Tract Number 7840
  • Assessor Parcel Number 4404012011
  • $643 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $2,311
  • Maintenance Expense $8,640
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $54,000
  • Operating Expense $69,451
  • Gross Income $105,600
  • Net Operating Income $32,981

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,959

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 1166667
  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 4404012011
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 612.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street
  • Lot Size Sq Ft: 8131.00
  • Lot Size Acres: 0.1867

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 105600.00
  • Gross Scheduled Income: 105600.00
  • Insurance Expense: 2311.00
  • Lot Size Area: 8131.0000 Square Feet
  • Maintenance Expense: 8640.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 32981.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 69451.00
  • Rent Control: Yes
  • Total Expenses: 69451.00
  • Vacancy Allowance: 3168
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 54000.00
  • Tax Area: 067
  • Tax Census Tract: 2640.00
  • Tax Lot: 208
  • Tax Rate: 1.20
  • Tax Tract Number: 7840
  • TaxOtherAnnualAssessmentAmount: 643.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Dec 2, 2021
Sold by
Rouston James Patrick and Rouston Thomas Andrew
Bought by
Zarnighian Nahal and Zarnighian Ashkan
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Sierus Erdelyi
TruLine Realty
List Price
$3,500,000
Sold Price
$3,146,439
Premium/Discount to List
-$353,561
-10.1%
Current Estimated Value
$3,385,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,301
Avg. Annual Appreciation
2.06%
Original Mortgage
$2,674,473
Outstanding Balance
$2,441,765
Interest Rate
2.42%
Mortgage Type
New Conventional
Estimated Equity
$945,295

Purchase Details

Closed on
Aug 20, 2008
Sold by
Routson James Patrick
Bought by
Routson Thomas Andrew

Purchase Details

Closed on
Sep 29, 2004
Sold by
Holm Louise
Bought by
Holm Donald E and Holm Louise

Purchase Details

Closed on
Jul 17, 2002
Sold by
Routson Irene G
Bought by
Routson Irene G and Routson Revocable Livi Irene G

Purchase Details

Closed on
Mar 19, 1997
Sold by
Madera David
Bought by
Routson Irene G

Purchase Details

Closed on
Nov 1, 1994
Sold by
Vognar Stanley F
Bought by
Madera David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,800
Interest Rate
5.12%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zarnighian Nahal $3,146,500 New Title Company Name
Routson Thomas Andrew $50,000 None Available
Holm Donald E -- --
Routson James Patrick -- --
Routson Irene G -- --
Routson Irene G $904,000 --
Madera David $756,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zarnighian Nahal $2,674,473
Previous Owner Madera David $604,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $3,146,439 -10.1% $613 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $3,500,000 -- $681 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $39,959 $3,338,559 $2,335,718 $1,002,841
2024 $39,959 $3,273,098 $2,289,920 $983,178
2023 $42,330 $3,208,920 $2,245,020 $963,900
2022 $20,007 $1,657,289 $1,182,628 $474,661
2021 $12,873 $1,040,127 $763,197 $276,930
2019 $12,495 $1,009,278 $740,561 $268,717
2018 $12,377 $989,490 $726,041 $263,449
2016 $11,801 $951,069 $697,849 $253,220
2015 $11,682 $936,784 $687,367 $249,417
2014 $11,684 $918,435 $673,903 $244,532
Source: Public Records

Agents Affiliated with this Home

  • Michael Millea

    Seller's Agent in 2021

    Michael Millea

    Lyon Stahl Investment Real Estate, Inc.

    (310) 251-2083

    1 in this area

    40 Total Sales

    Section Image
  • Sierus Erdelyi

    Buyer's Agent in 2021

    Sierus Erdelyi

    TruLine Realty

    (323) 389-5432

    1 in this area

    154 Total Sales

    Section Image

  • s

    Buyer Co-Listing Agent in 2021

    sharzad novahian

    TruLine Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21188640

California Regional Multiple Listing Service (CRMLS)

APN: 4404-012-011

California Los Angeles County Los Angeles 90049 Brentwood

123 S Bowling Green Way, Los Angeles, CA

This home is located at 123 S Bowling Green Way, Los Angeles, CA 90049 since 25 August 2021 and is currently estimated at $3,387,060, approximately $659 per square foot. This property was built in 1929. 123 S Bowling Green Way is a home located in Los Angeles County with nearby schools including Brentwood Science Magnet, Kenter Canyon Elementary School, and Paul Revere Charter Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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