Coinbase founder buys Bel Air manse for $133M

Late December sale among biggest in 2021

Los Angeles /
Jan.January 03, 2022 11:57 AM
10671 Chalon Road and Coinbase CEO Brian Armstrong (Google Maps, John Pawson, Getty)
10671 Chalon Road and Coinbase CEO Brian Armstrong (Google Maps, John Pawson, Getty)

UPDATED, Jan. 3, 6 p.m. ET: Well this was a nice Christmas present.

On December 22, a luxury Bel Air compound with a main house designed by the English architect John Pawson quietly traded hands for a smashing $133 million.

The buyer was Brian Armstrong, the CEO of Coinbase, the country’s largest cryptocurrency exchange. The seller was Hideki Tomita, the Japanese founder of Dip Corporation, a job search agency. The sale marked a major score for Tomita, who bought the compound for $85 million in 2018.

The sale was first reported by Dirt , and the buyer was first revealed by the Wall Street Journal.

The nearly-five-acre property ranks among the choicest even in tony Bel Air, with one 19,000-square-foot main house and a 6,600-square-foot “guest mansion,” along with a tennis court, two pools, motor court and amenities that include a home theater and gym.

In line with Pawson’s famous style, the property’s main house is decidedly minimalist, with a “stacked-cube” structure marked by rectangular lines and large glass walls. The home’s interior is similarly uncluttered, and includes expansive oak furnishings. The property also features sweeping views of Downtown L.A.

[Dirt] — Trevor Bach 

Amplification: This story was updated to add the identity of Brian Amstrong as the buyer of the property.





    Related Articles

    arrow_forward_ios
    Niami’s ex in contract on Bel Air mansion with $28M ask
    Niami’s ex in contract on Bel Air mansion with $28M ask
    Niami’s ex in contract on Bel Air mansion with $28M ask
    Michael Shabani of Crown Equity and 9240 Robin Drive (Getty Images, Opendoor)
    Michael Shabani tops bidding for Bird Streets mansion
    Michael Shabani tops bidding for Bird Streets mansion
    27930 Pacific Coast Highway (Zillow,iStock)
    Metro Networks founder cuts $30M off Malibu getaway
    Metro Networks founder cuts $30M off Malibu getaway
    Mauricio Umansky and Kyle Richards with home in Bel Air (The Agency, Getty)
    Mauricio Umansky sells Bel Air home for $6M
    Mauricio Umansky sells Bel Air home for $6M
    A rendering of 10130-10136 Adella Avenue and Newport Ventures’ Dave Mossman and Kemp Bros. Construction's Greg Solaas (LinkedIn, Kemp Bros., CBRE)
    South Gate lot entitled for 78 resi units up for sale
    South Gate lot entitled for 78 resi units up for sale
    780 Tortuoso Way, Los Angeles (Hilton Hyland)
    Sliced, diced, repriced: $40M chop above Hotel Bel Air
    Sliced, diced, repriced: $40M chop above Hotel Bel Air
    10 Beverly Park (Redfin)
    Link to Putin associate on sale of Beverly Hills mansion
    Link to Putin associate on sale of Beverly Hills mansion
    The One, Bel Air (Concierge Auctions, iStock)
    Niami’s “The One” gets new date with auction block
    Niami’s “The One” gets new date with auction block
    arrow_forward_ios

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

    Loading...