After a four-year wait and multiple price cuts, a Los Angeles property investor has successfully sold his opulent Neoclassical estate in the sought-after Holmby Hills neighbourhood for US$34.5 million.
Gaining added notoriety as a filming location for the hit Hulu series The Dropout, the estate didn’t meet the initial US$49.5 million asking price set by owner Saeed Farkhondehpour.
However, the sale still marked a significant profit on the US$4.5 million he spent over two decades ago, according to the Robb Report.
The buyer is local cardiologist Vinod Jivrajka, who serves as chairman of Episource Clarity Platform, a healthcare solutions provider.
He was also the founder and long-time president and CEO of AppleCare Medical Group.
Built in 2020 by Farkhondehpour, the mansion replaced a 1940s home originally designed by architect A. Quincy Jones.
Managing the property listing were Zac Mostame and Lea Porter, who detailed the estate’s expansive features.
The main three-storey building houses six bedrooms and 10 bathrooms, while a separate two-storey guesthouse adds an extra four bedrooms and three baths.
The interior is flush with modern amenities, including a gourmet kitchen outfitted with top-tier appliances and a high-tech movie theatre.
The main living area impresses with a dual glass staircase leading to an expansive, atrium-style living room replete with floor-to-ceiling glass walls and a linear fireplace.
The master suite features a balcony, a walk-in closet, and a luxurious bathroom.
Additional features include a gym, sauna, and an underground garage with room for at least 13 vehicles.
The meticulously designed outdoor area hosts gardens, a pond adorned with fountains, a pool and tennis court.
Other amenities include a pergola with a barbecue setup, a sunken fire pit, and a gazebo.