CEOs and entrepreneurs took a liking to fixer-uppers this week, buying investment properties in the exclusive Beverly Park and Bird Streets neighborhoods. Farther west, former supermodel Cheryl Tiegs is also attempting another round at selling her Balinese-inspired home.
Anastasia Soara, founder of the eponymous makeup company, paid $19.5 million for a Beverly Park mansion. But the 9,500-square-foot pad may need a makeover or more. Marketing materials called it a “development opportunity,” which may mean it could be ripe for a new construction. Sitting on 2 acres, the property includes a gated driveway and large swimming pool. The seller was Ling-Ning Yen, a Taiwanese businesswoman who listed the property for $28 million in 2016.
Earlier this month, Rockstar Energy drink founder Russell Weiner paid $16.5 million for a pad in the Bird Streets. Now, he’s put it up for sale for $11.5 million more than what he paid. It’s very likely the six-bedroom, 10-bedroom estate hasn’t changed much in the two weeks since Weiner bought it. Weiner acquired the 12,530-square-foot estate from tech honcho Lynda Weinman. The energy drink tycoon is also still selling a mansion in Beverly Hills, now on the market for $36 million.
In Bel Air, former supermodel Cheryl Tiegs is attempting to sell her estate for the third time in six years. Tiegs listed her 4,770-square-foot home for $18.5 million, Variety reported. That’s after she tried to sell it for $12 million in 2013, and then $15 million in 2015. If sold at any of those amounts, Tiegs would make a pretty coin, considering she paid $2.5 million for the home in 1996. The Balinese-inspried property includes four bedrooms, five bathrooms and a swimming pool.
The new head coach of the Los Angeles Lakers has found a home in Manhattan Beach. Frank Vogel, who formerly coached the Indiana Pacers, spent $5.4 million for a newly-built home with five bedrooms and seven bathrooms. The 4,900-square-foot home also has an elevator, and outdoor living areas, the Los Angeles Times reported.