Celebrity Homes

The Weeknd sells LA penthouse for a $3 million loss

After languishing on the market for almost two years, Canadian singer The Weeknd has sold his penthouse in the Westwood neighbourhood of Los Angeles.

The property, located on the entire 18th floor of the upscale Beverly West building, has been purchased by married couple Drs. David and Andrea Feinberg.

David is the former president and CEO of UCLA Health System and now serves as the chairman of Oracle Health, according to the Robb Report.

The Feinbergs paid $18 million for the condo, plus an additional $1 million for furnishings, among the highest condo prices ever paid in Los Angeles, but below the initial asking price of $22.5 million.

The selling price was $3 million less than what The Weeknd paid for the property four years ago.

The highlight of this mansion-sized condo is undoubtedly its 360-degree views, which provide breathtaking panoramic vistas of downtown Los Angeles, the Pacific Ocean, and the Santa Monica Mountains.

The glass walls also overlook the Los Angeles Country Club and its lush golf greens adjoining the Beverly West building.

This contemporary living space features nearly 743sq m, boasting four bedrooms and eight bathrooms, tall ceilings, designer lighting, and walnut panelling.

The master suite offers a luxurious retreat, including a boutique showroom-style closet, an expansive bathroom with a steam shower and soaking tub, and a private balcony.

Additional amenities include a backlit and temperature-controlled wine vault, a mirror-walled gym, a great room with a wet bar and TV wall, wide-plank white oak floors, and a bespoke Italian-designed kitchen with top Miele appliances.

Built in the 2010s, the Beverly West building contains just 35 luxury condos, offering several communal benefits such as valet parking, round-the-clock concierge, security guards, a sparkling pool, and even a rooftop helipad.

However, these luxuries come at a cost, with monthly homeowners association fees for this specific penthouse amounting to more than $8000.

Despite selling the property at a loss, The Weeknd, whose real name is Abel Tesfaye, is unlikely to be affected by the drop in price, having already upgraded to a lavish $69 million estate in prime Bel Air.

Angel Salvador of The Beverly Hills Estates managed the listing, while Brian Lane of Madison Residential Realty represented the buyers.

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