After nearly three years of off-and-on activity in the luxury residential market, 1301 Collingwood Place, a mansion in Los Angeles’ Bird Streets enclave, has sold for $38 million.
Kipp Nelson, partner at private equity firm Long Arc Capital, is the seller of 1301 Collingwood Place. He built the mansion in 2018. He was represented in the sale by Branden and Rayni Williams of The Beverly Hills Estates.
The buyer was not identified. The buyer’s agents were Jack Harris and Michael Fahimian, both aged 24, who affiliated with The Beverly Hills Estates in February.
The 16,000-square foot house overlooking the Sunset Strip is one of the pricier recent sales on the Bird Streets, where LVMH Chairman Bernard Arnault owns a home. It ranks behind a $70 million sale for 9137 Cordell Avenue in September 2022. Also, a neighboring home at 1305 Collingwood sold for $21 million in 2021.
On its journey to a sale, 1301 Collingwood went through a couple of price reductions. It was listed at about $55 million in 2020. In July 2022, it was relisted for $48 million, and sold for 22 percent less than the asking price, according to listing site Zillow.
The three-level, five-bedroom, nine-bath house was designed by architecture firm Olson Kundig of Seattle, which also designed the remodel of luxe condo building at 8899 Beverly Boulevard in West Hollywood. Based on more than half an acre, 1301 Collingwood’s amenities include a 15-car auto gallery, a spa, a pool and gardens which feature olive trees.
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