UPDATED, Jan. 3, 6 p.m. ET: Well this was a nice Christmas present.
On December 22, a luxury Bel Air compound with a main house designed by the English architect John Pawson quietly traded hands for a smashing $133 million.
The buyer was Brian Armstrong, the CEO of Coinbase, the country’s largest cryptocurrency exchange. The seller was Hideki Tomita, the Japanese founder of Dip Corporation, a job search agency. The sale marked a major score for Tomita, who bought the compound for $85 million in 2018.
The nearly-five-acre property ranks among the choicest even in tony Bel Air, with one 19,000-square-foot main house and a 6,600-square-foot “guest mansion,” along with a tennis court, two pools, motor court and amenities that include a home theater and gym.
In line with Pawson’s famous style, the property’s main house is decidedly minimalist, with a “stacked-cube” structure marked by rectangular lines and large glass walls. The home’s interior is similarly uncluttered, and includes expansive oak furnishings. The property also features sweeping views of Downtown L.A.
[Dirt] — Trevor Bach
Amplification: This story was updated to add the identity of Brian Amstrong as the buyer of the property.