The Real Deal Los Angeles

Three contiguous properties in Hollywood Hills West hit market for $30M

The estates have ties to Scooter Braun, Harvey Levin
By Hannah Miet | October 09, 2017 07:00AM

Four contiguous parcels including 9060 St. Ives Drive, Harvey Levin, Scooter Braun, Peter Nydrlye (Google, Getty Image, Pravo)

That noise you hear? It’s the sound of spec developers licking their lips.

Three contiguous properties in the Sunset Strip area hit the market Monday with a joint listing price of $30 million, The Real Deal has learned.

The parcels, which total nearly 1.5 acres, are also listed separately in the MLS. They are all owned by an unidentifiable entity that sources said is connected to a local businessman. The owner slowly acquired the assemblage over the course of three years, property records show.

Michael Nourmand, president of Nourmand & Associates, and Adam Sires, of the same brokerage, have the listings.

One of the properties, at 9050 St. Ives Drive, hit the market Monday for $16.5 million. The three-bedroom, 3,381-square-foot estate sits on a 44,905-square-foot lot. The late Peter Nydrle, an award-winning commercial and music video director, owned the property. After his death in 2014, a trust sold it to the current owner for $12.55 million, property records show. It was his first acquisition in what would become the assemblage.

His next purchase was a four-bedroom home at 9060 St. Ives, which listed Monday for $6.25 million. The estate was also once owned by Nydrle, who sold it to none other than Scooter Braun. The talent manager then sold it to its current owner for just shy of $4 million in January 2015, property records show. The estate sits on a 9,151-square-foot lot.

The third home, at 9056 St. Ives, hit the market Monday for $7.25 million. The seller acquired it in May 2017 for $7 million, according to property records. The house sits on a 10,865-square-foot lot.

The seller also owns a fourth contiguous parcel that is not part of the $30 million package, and is being quietly shopped off market for just shy of $5 million, sources said. The lot, at 1136 Doheny Boulevard, was formerly owned by Harvey Levin, the founder of TMZ, who sold it to its current owner for $3.6 million in the summer of 2015, records show. If a buyer were to purchase the 13,615-square-foot property, in addition to the $30 million parcels, the joint property would total 1.8 acres. This parcel was acquired mainly for the option to build a driveway that could connect a larger estate built across the other three lots to Doheny Drive, the sources said.

In slowly acquiring the assemblage, the seller must have known the area to be hotbed for spec development. Braun, at one point, also owned a neighboring house at 9066 St. Ives, which he sold to spec developer Nile Niami (of $500 million spec manse fame). Niami redid the St. Ives home and recently listed it for just shy of $18 million.