Another Mo Ostin home hits market for $6M

Warner Bros legend is also listing Brentwood property for $19M

TRD LOS ANGELES /
Apr.April 26, 2016 12:00 PM

A Pacific Palisades home owned by Rock and Roll Hall of Famer Mo Ostin has come on the market for $5.9 million.

The property, on Villa Woods Drive, has been in the Ostin family for over a decade. Record executive Ostin worked for Warner Bros. Records and DreamWorks before being inducted into the Hall of Fame in 2003 by Paul Simon, Neil Young and Lorne Michaels. His label managed artists such as Prince and Frank Sinatra.

His late son son, Randall Ostin, also lived at the property for several years.

The property is the second that the family has put on the market in as many months. A trust controlled by Ostin also put a $19 million home on River Road in Brentwood on the market last month.

The 4,757-square-foot contemporary Pacific Palisades home, listed by Dena Luciano of Douglas Elliman, has five bedrooms, six bathrooms and sits on a quiet cul-de-sac. There’s a backyard pool a spa, a fire put and an outdoor shower.

“Properties in that area very rarely come up,” Luciano told The Real Deal. “People live in this neighborhood for 30 years. If you drive up those few streets over there, you’ll see that no one ever gates their house. They feel so safe. It’s a throwback to real, good California living.”


Related Articles

arrow_forward_ios
Single-family and condo home sales were up sharply in L.A. County in June

“Massive release of demand”: LA County June home sales surge

“Massive release of demand”: LA County June home sales surge
Douglas Elliman CEO Howard Lorber and West Coast exec Stephen Kotler

In “new world of real estate,” Elliman exits Montecito office

In “new world of real estate,” Elliman exits Montecito office
Los Angeles County homes (Credit: iStock)

LA home sales were dropping even before the pandemic struck

LA home sales were dropping even before the pandemic struck
3 of the priciest homes to close last week (Credit: Google Maps)

LA luxury homes sales dipped last week

LA luxury homes sales dipped last week
The Malibu home actress Mindy Kaling purchased in February (Credit: Mike Helfrich)

Sweet memories: Report reveals frothy pre-coronavirus LA resi market

Sweet memories: Report reveals frothy pre-coronavirus LA resi market
From left: Jason Oppenheim, Mauricio Umansky, and Peter Hernandez

LA resi leaders predict “pent up demand” post-coronavirus

LA resi leaders predict “pent up demand” post-coronavirus
The median sales price inched up less than one percent last quarter to $1.51 million from $1.5 million a year prior (Credit: iStock)

In wealthy Los Angeles, home sales are up. But prices aren’t

In wealthy Los Angeles, home sales are up. But prices aren’t
Anna and David Solomon with the Douglas Elliman's Beverly Hills offices at 150 El Camino Drive (Credit: Solomon Property Group, Google Maps)

Oh, mother: David Solomon leaves Agency for Elliman

Oh, mother: David Solomon leaves Agency for Elliman
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...