Trending
“Saw” creator makes $3M on sale of Hollywood Hills pad
James Wan, the creator of the horror film “Saw,” has sold his Hollywood Hills home for $13 million, just two years after buying it for $10 million.
Wan, who is also known for directing “Furious 7” and “The Conjuring,” was represented by Andrea Shink of Teles Properties in the transaction. Gayle Weiss and Rochelle Atlas Maize of Nourmand & Associates represented the unidentified buyer.
Located in the Bird Streets area of Hollywood Hills West, the 6,000-square-foot property was built in the 1960s and renovated five years ago, Maize told the Wall Street Journal.
While neighborhoods like Beverly Hills and Pacific Palisades have seen a drastic increase in home sales in the last three months, figures for Hollywood Hills West dipped 8 percent in the same period. Earlier this month, however, “Big Bang Theory” star Johnny Galecki also made substantial profits when he sold his Hollywood Hills pad for 25 percent above its listing price of $2 million.
Wan’s property sits on a 28,000-square-foot lot and has five bedrooms and six full and two half bathrooms. With views of downtown L.A. and the ocean, the overall property also comprises a guest house, a gym and a swimming pool.
He acquired the residence in 2014 as an investment property and listed it briefly for $14 million last year. [WSJ] — Cathaleen Chen