
Acannabis entrepreneur, a former motion picture studio head and a cosmetics executive are among the latest movers and shakers in L.A. County’s residential real estate market. Here’s a look at the priciest residential home sales that closed in February. $15.5 million — Rolling Hills
Aaron Leon, founder and chief executive of Long Beach-based printing supplies retailer LD Products, and his wife, Megan, paid $3 million less than the asking price for a contemporary-style ranch house on East Crest Road. The sellers were Los Angeles investment banker Brent Stevens and his wife, Marie Annette.
The high-dollar sale is among the priciest historically in the guard-gated community and the most expensive since October, when a nearby mansion with five subterranean levels sold at auction for $22.4 million.
The gated estate sits high up on aknoll with ocean and city views.
In addition to the main house, the six-acre property has a swimming pool, a pool house, a tennis court and an Olympic-size riding ring.
Meandering trails connect the various amenities and structures.
The ranch house, built in 1950 and since renovated, has 6,100 square feet on a single level.
An open-concept living room, a chef’s kitchen, a family room, five bedrooms and four bathrooms are among living spaces.
Gerard Bisignano of Vista Sotheby’s International Realty was the listing agent. Kevin Pratt of Strand Hill Christie’s International Real Estate represented the buyers.
$15 million — Brentwood On North Woodburn Drive, Miriam Schaeffer, co-founder and former executive of Calabasasbased nail polish company OPI Products, paid about $4 million less than the asking price for an Italianate-style estate. James Gordon, founder and managing partner of Chicago-based private equity firm Edgewater Funds, was the seller.
Designed
by William Heffner, the 10,150-square-foot residence boasts
book-matched marble slabs, custom steel-framed French doors and a wine
vault with 7,000- bottle storage.
Asubterranean garage has space for six vehicles.
Junior
and grand dining rooms, alibrary, a gym and a 15-person screening room
are among the living spaces. Including a guesthouse, there are six
bedrooms and 7.5 bathrooms.
Sam
Real of Engel & Volkers and KC James Dorame of Keller Williams
Realty were the listing agents. Jacob Dadon of the Agency represented
the buyer.
$12.875 million — Hollywood Hills West
Michael King, co-founder
of Palm Springs-based cannabis cultivation, processing and distribution
company Kings Garden, paid $1.25 million less than the asking price for
a modern tour de force on Hedges Place.
The
striking home, designed by Belzberg Architects, features streamlined
living spaces, walls of floor-to-ceiling glass and views extending from
city to ocean.
Built
in 2017, the house has five bedrooms and six bathrooms in 7,000 square
feet of interior. A floating staircase connects both floors.
Pocketing
glass walls on the main floor open to a patio that surrounds a
zero-edge swimming pool. A sunken conversation pit with a fireplace
feature sits near the pool.
Patrick
Fogarty, who is listed as amanager of the corporate entity that sold
the home, and Tyrone McKillen of Hilton & Hyland were the listing
agents. Roger Perry of Rodeo Realty represented the buyer.
$11.75 million — Brentwood
On Highwood Street, a corporate entity paid $950,000 less than the asking price for a vacant lot.
The sellers were David O’Connor, the former managing partner of Creative Artists Agency, and his wife, screenwriter Lona Williams.
Described in the listing as a development opportunity, the lot measures about an acre with 110 feet of street frontage.
The property is next door to O’Connor and Williams’ home of more than a decade, which is currently for sale at $18.7 million.
David
Offer of Berkshire Hathaway HomeServices California Properties was the
listing agent. Kurt Rappaport of Westside Estate Agency represented the
buying entity, which lists its tax address as the Beverly Hills office
of Westside Estate Agency.
$10.8 million — Encino
Victor Kaufman, the former chief executive of Tri-Star Pictures and current vice chairman of Expedia Group, and his wife, Loretta, paid about $2.2 million less than the asking price for a newly built home on High Valley Place.
Located
in the Royal Oaks enclave, the hedged and gated estate measures 12,500
square feet with10 bedrooms and 11 bathrooms. An open-concept living
room with a wrap-around wet bar sits beyond the entry. In the dining
room, a wall of windows look into a paneled wine cellar. Outside, a
matching guesthouse sits adjacent to the main residence. A sports court,
a swimming pool, a covered barbecue pavilion and lawn make up the
grounds, which are about two-thirds of an acre.
Craig Knizek and Andre Warren of the Agency handled both ends of the deal.