Bird Streets spec home sells for $63M — priciest LA deal this year

A spec home in the Bird Streets has sold for $62.8 million — the most expensive residential sale in Los Angeles County so far this year. 

Spec developers Brandon and Deborah Shainfeld sold the 23,000-square-foot estate in a deal that closed last week, according to Zillow and Redfin data. 

The buyer was a limited liability company called Starlight Capital, which is registered to an immigration firm in the San Francisco Bay Area and an entity called Berism & Associates EV Market Analysts, which is registered in the British Virgin Islands. 

Kurt Rappaport and Andreas Elsenhans at Westside Estate Agency represented the seller, while the buyer was represented by Helen Chong and Susanna Leung at Haylen, a brokerage based in the Bay Area. Chong declined to comment on the buyer.

The buyer’s agent fee was 2 percent, roughly coming to $1.26 million, according to online listings for the property. 

The Shainfelds put the property up for sale in October, asking $78 million for the eight-bedroom home, which sits on roughly 1.5 acres at 1898 Rising Glen Road. The couple, who run Alpha Empire Designs, paid $11.2 million for the site in 2017, records show, and then demolished an existing home on the premises. 

The Bird Streets neighborhood is located within the city of Los Angeles overlooking the Sunset Strip in West Hollywood. Given the property is located in Los Angeles, the Shainfelds would pay the transfer tax of 5.5 percent, or about $3.5 million. 

The home has a main residence, plus a guesthouse, with two pools, stone flooring, a spa, a 10-car garage and a pickleball court.