Blockbuster sale in Bel-Air set for sequel
Homes of a studio executive and a star of “Grey’s Anatomy” figured into lastweek’s top residential real estate sales in the greater Los Angeles area.
$25million — Bel-Air
Paramount Pictures Chief Executive Brad Grey sold his 10,616-square-foot home to hospitality mogul Sam Nazarian for $25 million in an off-market transaction. Nazarian, who founded the nightclub and restaurant empire SBE Entertainment, turned around and immediately listed the property in the 300 block of Copa de Oro Road for sale at $33.5 million.
Occupying1.12 acres, the gated estate includes a separate security office, a pilates studio, formal gardens, large expanses of lawn and a swimming pool and spa.
Grey bought the house in 2009 for $22 million. Hehad asked asmuch as $27.5 million for the property last year.
Kurt Rappaport of Westside Estate Agency handled the recent sale and holds the current listing for Nazarian.
$19.9 million — Malibu
An ocean front villa on more than an acre in the 29000 block of Cliffside Drive sold for $19.9 million, downmore than15% from the asking price—$23.75 million.
The European-inspired residence on a bluff above Point Dume has six bedrooms and 8.5 bathrooms in 7,674 square feet of space. Two stories take in unobstructed ocean views.
James Whalen of Sotheby’s International Realty was the listing agent. Mia Trudeau of Hilton& Hyland, an affiliate of Christie’s International Realty, represented the buyer.
$17.75 million — Beverly Hills
In the1300 block of Park Way, a contemporary-style home that came on the market in March for $23.5 million sold for $17.75 million.
The 9,000-square-foot house, built in 2013, has six bedrooms, eight bathrooms, an elevator, a billiards roomand a home theater across three stories. An outdoor kitchen, multiple patios and a swimming pool with a spa make up the nearly half-an-acre grounds.
Rachel Maslan of Hilton & Hyland was the listing agent. Joseph Babajian of Rodeo Realty represented the buyer.
$15 million — Malibu
Actor Patrick Dempsey of “Grey’s Anatomy” sold his Frank Gehry-designed compound in the 29000 block of Cuthbert Road for $15 million—$500,000 above the asking price.
The 3.23-acre property, with a rock-climbing wall, an open area kitchen and animal coops and hutches, centers on a Modern-style house clad in corrugated metal thatwas built for abstract painter Ron Davis in the 1970s.
Dempsey and wife Jillian Fink, who are in the process of divorcing, bought the house in 2009 for $7 million.
Brett Lawyer of Hilton& Hyland and Christopher Cortazzo of Coldwell Banker are the listing agents. Ladd Jackson, also of Hilton & Hyland, represented the buyer in the sale.
$13.995 million — Bel-Air
Actress Lori Loughlin and her husband, fashion designer Mossimo Giannulli, paid $13.995 million for a home in the100 block of Udine Way.
The neo-classical Mediterranean, designed by Roland E. Coate and built in 1929, was once owned by actor Charles Bronson and his second wife, English actress and singer Jill Ireland. The12,000 square feet of living space includes grand formal areas, high coffered ceilings and a wine room with storage for about 5,000 bottles.
The home, which came on the market last year for $19.75 million, previously went for about $3.3 million in1996.
Last month, Loughlin and Giannulli sold their Beverly Hills home of five years for about $18.2 million in an off-market deal.
Richard Ehrlich and Stephen Shapiro of West side Estate Agency were the listing agents. Ron de Salvo of Coldwell Banker represented Loughlin and Giannulli.
$7.9 million — Palos Verdes Estates
A7,465-square-foot home in the 600 block of Via Horquilla sold for $99,000 less than the asking price in about10 days.
Set above the Palos Verdes Golf Course, the Mediterranean-style house is highlighted by a two-story entry, a media room, a winetasting roomand a threestop elevator. Grounds of more than half an acre center on city and ocean views.
Chris Adlam of Vista Sotheby’s International Realty is the listing agent. Lauren Yoon of Re/Max Estate Properties represented the buyer.
These are the top residential real estate sales reported on the combined L.A./Westside Multiple Listing Service for the period beginning June 7 to June13.
NIGHTCLUB MOGUL Sam Nazarian bought this Bel-Air home for $25 million, then listed it for sale.
THIS BEL-AIR HOME was once owned by actor Charles Bronson and his second wife, Jill Ireland.