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The Real Deal Los Angeles

This week in celebrity real estate: Rihanna flips WeHo pad in three months time, retired developer Alan Casden asks $59M for Bev Hills mansion…and more

By Natalie Hoberman | November 03, 2017 05:00PM

From left: Rihanna, Alan and Susan Casden (Credit: Getty Images)

It was relatively quiet on the celebrity real estate front as Hollywood’s favorites played dress-up and put on their scariest makeup for Halloween festivities. That didn’t deter everyone’s favorite bad girl — Badgal Riri that is — from making a quick buck on a West Hollywood villa. Rihanna purchased the 6,250-square-foot property on North Kings Road in August for $2.75 million, just to flip it three months later. She’s now found a taker for the five-bedroom, six-bathroom residence for $2.85 million. Jackie Smith of Compass had the listing.

Porn tycoon Bill Asher of Vivid Entertainment was another quick profiteer this week. He secured a buyer for his Hancock Park home on Muirfield Road for $5.75 million, just a few weeks after listing it. The 1923 Colonial has six bedrooms, five bathrooms, a swimming pool and spa. Asher, co-owner of Vivid Entertainment, is responsible for releasing sex tapes belonging to celebs like Kim Kardashian and Tila Tequila. Lisa Hutchins of Coldwell Banker swung that real estate deal.

In pricier news, retired real estate developer Alan Casden and his wife Susan are seeking $58.8 million for their 73,000-square-foot Beverly Hills property. The home spans eight bedrooms, 15 bathrooms, and even features a miniature train that runs across the grounds. A tennis court and croquet court complete the residence. Heavy-pocketed buyers can contact Christophe Choo of Coldwell Banker for that one.

Another industry pro making headlines this week was Mauricio Umansky, co-founder of the Agency, and his “Real Housewife” Kyle Richards, who broke records over in Encino with their $8.25 million purchase of “The Smokey Robinson Estate.” The couple snagged the 10,600-square-foot home from developer Gidi Cohen, who added a guesthouse, new swimming pool and spa to the seven-bedroom residence. To no one’s surprise, Craig Knizek of the Agency had the listing while Umansky represented himself.

While not exactly a “home,” it’s worth noting that a portfolio amassing to 70 acres of prime Malibu land hit the market this week. The properties belonged to the late Univision chairman, Jerry Perenchio, who died in May. Brokers expect the flurry of developable land to fetch $150 million.