Ex-Warrior David Lee sells WeHo condo for a loss

Former all-star had purchased the 3-unit property at Sierra Towers for $14M

TRD LOS ANGELES /
May.May 07, 2019 03:00 PM
David Lee and Sierra Tower
David Lee and Sierra Tower

Former NBA all-star David Lee retired from basketball in 2017, but he just registered a loss.

The ex-power forward sold an unfinished condominium at Sierra Towers in West Hollywood for $11 million, the Los Angeles Times reported. Lee purchased the three-unit property for $13.5 million two years ago from real estate investor Thomas J. Swann III. He listed it for $22.5 million a few months later.

The 5,600-square-foot condo takes up half a floor in the 31-story building just off the Sunset Strip on Doheny Road. Lee played for five teams over 12 seasons, and helped the Golden State Warriors win the championship in 2015.

Hilton & Hyland’s Paul Stukin and Joshua Greer were the listing agents. Greer also represented the buyer.

The luxury tower has attracted big names in the past. Rihanna, Elton John, Sandra Bullock, Cher, and Lindsay Lohan have reportedly called Sierra Towers home. Earlier this year, Evan Metropoulos, son of the founder of Pabst Brewing Company and Hostess Brands, cut the asking price for his two-unit condo there from $58 million to $38 million. [LAT]Gregory Cornfield


Related Articles

arrow_forward_ios
Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)

Oprah has now paid $86M acquiring Montecito real estate

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino

NAR President John Smaby and the Chartwell Estate, first shopped as a pocket listing in 2017 (credit: NAR)

NAR approves pocket listings killer

Mohamed Hadid and his ill-fated spec mansion

Hadid’s Bel Air mansion must be torn down: city

Simon Fuller and his wife, Natalie

Off key: “American Idol” creator cuts price on Bel Air home

Homes on Robin and Oriole Drive

This Bird won’t sing: Home sale prices on Bird Streets don’t match sky-high listings

Kawhi Leonard and LeBron James with their California homes (Credit: Getty Images and Redfin)

Real estate rivalry: How the stars of the Lakers and Clippers live

Rachel Bloom and Matt Leinart (Credit: Getty Images)

Actress Rachel Bloom sues Matt Leinart-tied developer over house defects

arrow_forward_ios