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The Real Deal Los Angeles

For sale by owner: Stripped LA condo, penthouse views, $58M

Evan Metropoulos has listed his 7Ksf Sierra Towers unit
March 08, 2018 04:00PM

The Sierra Tower in West Hollywood (Credit: Wikimedia Commons)

Would anyone pay $58 million for a gutted condo? Billionaire heir Evan Metropoulos certainly thinks so, and the location probably won’t hurt.

Metropoulos has listed the 32nd floor penthouse atop the Sierra Towers, according to the Los Angeles Times. Metropoulos combined two units to create a 7,000-square-foot interior space surrounded by floor-to-ceiling windows and appears to have stripped everything inside from the walls to the floors to make way for a renovation.

The place does have panoramic views of the city, along with a 4000-square-foot wraparound balcony.

The listing comes about a year after Metropoulos ponied up $65 million for a 2.5-acre Trousdale Estates compound formerly owned by comedian Danny Thomas. Metropolous is the son of investor Dean Metropoulos, who owns Pabst Brewing Company and Hostess Brands. Both Evan and his brother, Daren, are principals in their father’s investment firm, C. Dean Metropoulos & Company

Along with the penthouse, the sale includes a guest suite on the sixth floor and six parking spaces, according to the Times. The Sierra Towers was built in 1965 and has attracted celebrity residents, most recently actors Adam Sandler, Courtney Cox, and Sandra Bullock.  [LAT] — Dennis Lynch