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Travis Kalanick behind $43M Bel Air purchase
The Bellagio Road sale is the largest completed resi deal since the pandemic struck
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)
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