Travis Kalanick behind $43M Bel Air purchase

The Bellagio Road sale is the largest completed resi deal since the pandemic struck

TRD LOS ANGELES /
May.May 09, 2020 06:32 AM
Travis Kalanick (Credit: Justin Sullivan/Getty Images)

Former Uber CEO Travis Kalanick is the buyer behind Los Angeles County’s biggest home sale completed amid the coronavirus-induced shutdown.

Kalanick bought the 20,000-square foot, Paul Williams-designed mansion on Bellagio Road in April for $43.3 million, the Wall Street Journal reported.

A coterie of Uber investors pushed Kalanick out as chief executive in 2017 following controversies including the company’s response to sexual harassment claims made against Uber managers. These days he runs the kitchen rental company Cloud Kitchens and has a net worth of an estimated $2.6 billion.

Christopher H. Cole and the property (Credit: JADE MILLS/COLDWELL BANKER)
Christopher H. Cole and the property (Credit: JADE MILLS/COLDWELL BANKER)

Kalanick – who also owns a $36.5 million penthouse in Manhattan – perhaps received a deal on the abode, as it originally listed for $75 million.

The seller was Hillside Pueblo, an LLC managed by real estate investor Christopher Cole, according to Redfin and county property records.
Hillside Pueblo bought the estate in 2015 for $38 million, and a three-year renovation followed, with Oz Architects’s Don Ziebell leading the remodeling.

The listing brokers were Jeff Hyland, Drew Fenton, and Linda May of Hilton & Hyland, and Jade Mills of Coldwell Banker. Bob Safai of Madison Capital Partners represented the buyer.

Mills said in April that the deal was completed in unorthodox fashion because of the “safer at home” orders in place at the time. “The buyer and seller never met. The brokers worked together to make it happen,” she said. [WSJ]Matthew Blake


Related Articles

arrow_forward_ios
Lauren Sanchez and Jeff Bezos with the property at 1441 Angelo Drive (Credit: Getty Images and Redfin)

A $90 million patch of dirt: A look at Jeff Bezos’ other record LA deal this week

A $90 million patch of dirt: A look at Jeff Bezos’ other record LA deal this week
Hiten Samtani, Sally Forster Jones, Santiago Arana, and Aaron Kirman

For top LA resi agents, it’s strictly posi vibes

For top LA resi agents, it’s strictly posi vibes
Kofi Nartey (Credit: Rachel Murray/Getty Images)

Side Deal: Kofi Nartey bolts Compass for VC-backed rival

Side Deal: Kofi Nartey bolts Compass for VC-backed rival
Elon Musk and the two homes (Credit: Google Maps and Jörg Carstensen/picture alliance via Getty Images)

Elon Musk lists Bel Air properties after tweeting: “Will own no house”

Elon Musk lists Bel Air properties after tweeting: “Will own no house”
The Malibu home actress Mindy Kaling purchased in February (Credit: Mike Helfrich)

Sweet memories: Report reveals frothy pre-coronavirus LA resi market

Sweet memories: Report reveals frothy pre-coronavirus LA resi market
Jeff Bezos and the Enchanted Hill property (Credit: Arif Hudaverdi Yaman/Anadolu Agency via Getty Images)

Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property

Jeff Bezos pulls out of $90M deal for Beverly Crest’s “Enchanted Hill” property
From left: Jason Oppenheim, Mauricio Umansky, and Peter Hernandez

LA resi leaders predict “pent up demand” post-coronavirus

LA resi leaders predict “pent up demand” post-coronavirus
Spencer Krull, Side’s new Southern California managing broker

Westside’s Spencer Krull jumps to Side as firm’s first SoCal managing broker

Westside’s Spencer Krull jumps to Side as firm’s first SoCal managing broker
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...