Billionaire hedge fund manager Jeffrey Feinberg has tried for two years to sell his 20,000-square-foot Brentwood mansion. With no takers, he decided to list it for rent — at $250,000 a month.
The head of Feinberg Investments has listed the four-story mansion for rent at 1047 North Bundy Drive, according to the Robb Report. The listing is held by Dan Malka of Engel & Völkers.
Feinberg bought the seven-bedroom, 11-bath spec home built by Ramtin Ray Nosrati in June 2021 for $44 million — or $1 million above its asking price.
A year later, he tried to flip the property overlooking the Getty Center for $48 million, without success. He then relisted the property in late 2022 for $43 million, then dropped it to $38 million.
The hilltop mansion tucked along a private cul-de-sac may be best known for its blue-and-gold basketball court, a tribute to the late Laker Kobe Bryant, plus a 10-car auto showroom, sports simulator and 1,000-gallon aquarium.
The hedge-fund executive and longtime basketball fan had moved from Hidden Hills to the lofty home with sweeping views — but before the sale closed, he asked that its rooftop cannabis garden be replaced by cucumbers and carrots.
The three-story, split-level home includes a soaring living room with a floating curved staircase accented by a custom chandelier, flanked by a living moss wall that goes down to a succulent garden.
It includes a TV wall, sports-simulator room, three-hole putting green, basketball court and two swimming pools.
The 1.3-acre compound also includes a 10-car auto showroom with floor-to-ceiling glass walls that open to a den, an office, hair salon, a bar with a nine-TV video wall and a 1,000-gallon dual-sided aquarium.
There’s a two-story guesthouse and a movie theater with a starlight fiber-optic ceiling. And for $250,000 a month, a renter could access its “250 bottle wine cellar,” according to the listing, though it’s unclear whether the rental comes with bottles.
Feinberg, a former managing director at the George Soros-founded hedge fund-turned-family office Soros Fund Management, once had his own investment firm. The $1 billion JLF Investment Fund shuttered some years ago, according to Robb.
The early bitcoin trader now operates Feinberg Investments, a limited partnership that invests his personal wealth.
In late 2019, he sold his $15 million Hidden Hills mansion to YouTube celebrity Jeffree Star. He also once owned a compound on Malibu’s Point Dume, which was sold for $21.8 million in early 2021 by his ex-wife, Stacey Feinberg.
On Santa Monica’s Gold Coast, Feinberg also put an oceanfront house on the market last year for under $11 million, or $1 million less than he paid in 2019.
— Dana Bartholomew
Read more
Residential
Los Angeles
Hedge fund billionaire Jeffrey Feinberg looks to flip Brentwood spec mansion
Residential
Los Angeles
Hedge funder picks up massive Brentwood spec mansion from Ramtin Ray Nosrati
Los Angeles
Spec developer Ramtin Ray Nosrati plans “marijuana mansions”