Billionaire Charles Zegar, a founding partner of Bloomberg, just ponied up $3.4 million for a 3,400-square-foot home in Hollywood.
The computer scientist reported purchased the 1921-built Colonial Revival for his son, sources told The Los Angeles Times.
Located in the Sunset Square area of Hollywood, the home features a wraparound balcony, living room with fireplace, formal dining room, and chef’s kitchen. It contains five bedrooms and 4.25 bathrooms total. Outside, there is a patio, swimming pool, and detached garage.
Brian Ades of Sotheby’s International Realty had the listing. Jesse Lally and Michelle Saniei of Hilton & Hyland represented Zegar.
The home last traded hands in 2015 for $2.1 million, according to Zillow.
Zegar co-founded the software company Innovative Market Systems in 1981 with Michael Bloomberg, Thomas Secunda and Duncan MacMillan. It was since renamed Bloomberg. [LAT] — Cathaleen Chen