Crypto mogul identified as buyer of $25M Hollywood Hills estate

The buyer of a $25 million mansion in the Bird Streets of Hollywood Hills last week was identified as crypto mogul and former music impresario Jeffrey “Jeff” Huang.

Huang, a rapper turned NFT and blockchain powerhouse known on social media as Machi Big Brother, bought the 14,000-square-foot mansion at 1410 Tanager Way, Dirt.com reported.

The seller, as first reported by The Real Deal, was Hankey Capital, based in Hancock Park, led by billionaire Don Hankey, who made his fortune from subprime car loans.

Hankey was the biggest creditor of the ill-fated megamansion in Bel-Air known as The One, which sold at auction in March 2022 for $141 million. 

Hankey Capital acquired the partially built house on 1410 Tanager out of foreclosure in 2019. With the help of Plus Development, Hankey built a hillside extravaganza.

Completed early last year, the five-bedroom, eight-bathroom mansion sits on a half-acre and was listed last May for $34 million. In February, the price was dropped to $30 million.

The contemporary tri-level home, designed by Vantage Design Group of Mid-City, has walls of glass, with views of the L.A. skyline.

It includes a skylit foyer, an elevator, a wine room with a jade marble bar, custom walnut millwork, plus a gym with a yoga area overlooking an atrium. There’s a steam room, dry sauna and an infinity pool.

The master suite has an indoor/outdoor bedroom and bathroom, each with a balcony via retracting glass doors. The home has three guest bedrooms and a maid’s quarters.

Brokers Branden and Rayni Williams of the Beverly Hills Estates and Tyrone McKillen of Official held the listing. Broker Michael Chen of AKGRE represented the buyer.

The mansion is a mile away from 1301 Collingwood Place, another Bird Street mansion which sold this month for $37 million.

Huang, born in Taiwan and raised in Irvine, co-founded hip-hop group L.A. Boyz, popular in his native Taiwan. He later founded C.R.E.A.M. Finance, riding the crypto wave. He’s now among the biggest collectors of Bored Ape Yacht Club NFTs. 

Last week, Huang made worldwide headlines when he filed a defamation lawsuit against crypto sleuth ZachXBT, for allegations posted in a 2022 Medium article.

— Dana Bartholomew

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