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Crypto lover Olaf Carlson-Wee buys $29M Hollywood Hills mansion

Hollywood director sold spec-built home for $3M loss

Olaf Carlson-Wee and 1415 Devlin Drive (LinkedIn, Zillow)
Olaf Carlson-Wee and 1415 Devlin Drive (LinkedIn, Zillow)

Olaf Carlson-Wee, who built his fortune in the virtual universe of cryptocurrencies, has acquired a 12,000-square foot mansion in the physical world of the Hollywood Hills for $28.5 million.

Carlson-Wee bought the mansion from Simon Kinberg, a director and screenwriter known for the “X-Men” movies, according to Dirt.

Kinberg bought the spec-built home at 1415 Devlin Drive for $31.5 million in early 2018. Built by Paul McLean in 2017, it includes expansive views of Los Angeles, a movie theater, pool and extensive grass areas.

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Since selling the Hollywood Hills home, Kinberg has moved into a $15.5 million home in Brentwood.

Carlson-Wee’s new home is one of three mansions in the Hollywood Hills that has sold for over $20 million in the last three months, according to Zillow, including one located across the street at 1422 Devlin Drive.

Carlson-Wee was the first employee of Coinbase and subsequently founded Polychain Capital, a cryptocurrency hedge fund. His new L.A. purchase will be his second home, according to Dirt, as he’s still based in San Francisco.

[Dirt] — Isabella Farr

Tags
CryptocurrencyHollywood Hills