Residential
Los Angeles
Rapper Kendrick Lamar buys Brentwood manse for $40M
Trending
Former Fox lawyer Viet Dinh negotiates $25M deal for Palisades home
Sunset Boulevard residence trades 26% below its original asking price
Former Fox executive Viet Dinh didn’t have to travel far to get to his new Pacific Palisades home.
The property at 14330 West Sunset Boulevard is about two miles from the Brentwood mansion Dinh and his wife reportedly sold to rapper Drake. The couple paid $25.4 million for the Hamptons-inspired home in the Palisades’ Rustic Canyon neighborhood, property records show.
The seller was an LLC tied to Damon Porter, according to property records. Porter is the CEO of Los Angeles developer Dynamic Real Estate Partners.
Gary Glass of Christie’s AKG and H. Blair Chang of The Agency represented the seller. Carolwood Estates’ Drew Fenton and Berkshire Hathaway HomeServices California Properties’ Lauren Ravitz represented the buyer.
The 15,100-square-foot home originally listed for $34.5 million last year before a series of price reductions, according to Zillow. The sale price is 26 percent less than the original ask. That’s in line with broader trends in the Palisades housing market, where prices fell 36.5 percent in April compared to a year ago to a median of $3.3 million, according to Redfin.
Homes in the affluent Los Angeles neighborhood are also staying on the market longer — an average of 64 days in April, while last year it was 36 days.
Dinh and his wife Jennifer Ashworth Dinh now own a seven-bedroom, 13-bathroom home complete with screening room, wine cellar and gym. Sycamore trees mark the landscape outdoors, where the grounds feature a pool and jacuzzi.
Their former home at 1707 Westridge Road in Brentwood’s Mandeville Canyon totaled 16,200 square feet. The mansion sold for more than $40 million in an off-market deal, with the Wall Street Journal reporting Drake as the buyer.
Viet Dinh previously served as Fox’s chief legal and policy officer before stepping down to a special advisor role at the end of 2023. The legal executive most recently handled the company defense in Dominion Voting Systems’ lawsuit against Fox News, resulting in a $787 million settlement reached last year.
Fox paid $23 million to Dinh in severance and equity awards, according to a Securities & Exchange Commission filing. His time as special advisor lasts for two years, with an annual pay of $2.5 million.
Read more
Residential
Los Angeles
Cathay Bank forecloses on furniture maker’s Pacific Palisades mansion
Residential
Los Angeles
LA market’s first $20M home sale of year comes from Pacific Palisades