A pandemic-induced slowdown in the market means that there is a deal to be found in luxury real estate – for buyers who still have the means to pursue them, of course. At desired Beverly Hills Flats, big houses originally registered last summer at $ 45 million sold for $ 24 million last week, property records reveal, a discount of nearly 50% but it is still one of the largest transactions recorded in the area over the past few months.
Surprisingly, the buyer is not a Hollywood mogul or a well-known CEO, but a little-known local businessman who runs a large LA-based manufacturing operation specializing in the manufacture and supply of fresh and frozen food to stores and restaurants. industry.
Built on speculation by the developer Essam Ali, by design by Roman JamesThe contemporary structure brings all the wonders of the latest technology, including advanced security systems, Lutron and Crestron smart home automation and lighting systems, and the Delos health system that optimizes indoor air and light quality.
Accented with mature palm trees, the black-and-white facade of this house is a bonanza like lego that makes it look more like a Miami office building than a private LA home. Inside, the final solution includes a Fendi-branded kitchen, a soundproof home theater with room for 16 people, and a garage with seven cars with 58 foot high wall animation, a turntable and surround sound – yes, even a car can enjoy five-star accommodations.
This estate also offers a main room on the upper floor with a double bedroom and double walk-in wardrobe, a negative edge swimming pool with waterfall, gym, sauna, elevator, marble wet bar, and 16,000 square feet open concept interior space spread over three different levels, including a living room with Hermes chandelier.
In addition to the excavation of his fancy new Beverly Hills, records reveal that buyers of food entrepreneurs maintain at least two more LA dollars worth of other homes. Back in 2017, he paid $ 11.6 million for a contemporary home located just above the iconic Sunset Strip; earlier this year, he spent $ 3.3 million on contemporary homes in the Fairfax District, located downtown.
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