T
he renowned filmmaker Lyn Lear recently acquired an exclusive property in Los Angeles' Hollywood Hills for $24 million. The purchase was made through a trust linked to Lear, who is the widow of celebrated screenwriter and television producer Norman Lear. The transaction was an off-market deal that was finalized earlier this month. The seller is an LLC tied to EPIQ Capital Group, a San Francisco-based financial advisor firm that caters to clients with a net worth of over $100 million. Westside Estate Agency's Kurt Rappaport represented the seller, while Carolwood Estates' Cooper Mount and Westside Estate Agency's Jonas Heller represented the buyer.
The property is a stunning contemporary estate featuring five bedrooms and nine bathrooms spread across 10,300 square feet of living space. The property is known for its exceptional privacy, thanks to its location behind gates and large hedges. The home boasts several impressive features such as a state-of-the-art theater, a wine cellar, a fully equipped gym, and an office made from reclaimed French oak. These amenities are sure to provide ample space for Lear to work on her various projects, given her busy schedule as an executive producer on several documentary series and films this year.
In addition to her work in the entertainment industry, Lear also serves on several boards, including her role as a trustee of the Sundance Institute Board of Directors, the Los Angeles County Museum of Art board, and the Norman Lear Center at USC Annenberg's School for Communication and Journalism.
In other news, Ariana Grande sold her nearly 1,600-square-foot cottage at 9300 Flicker Way to Bad Bunny (formerly known as Benito Antonio Martínez Ocasio) for $8.3 million in January. Meanwhile, Henrik Fisker, founder of bankrupt electric vehicle maker Fisker, has listed his 11,800-square-foot home at 1305 Collingwood Place for $35 million. The contemporary home was put on the market in June.
In another development, the owner of a duplex property in the Hollywood Hills is seeking to replace it with row homes. This move is part of an ongoing trend of developers looking to capitalize on the increasing demand for multi-family housing in the area.
Lastly, Fashion Nova's Richard Saghian has made headlines for his recent purchase of Beverly Hills HQ for $118 million. The acquisition is seen as a strategic move to expand the company's presence in the luxury market.
