Skechers Owners Expand Their Empire with a $31M Luxury Beach Compound in SoCal

The founding family of Skechers, based in Manhattan Beach, has expanded its Southern California real estate holdings with a recent purchase. An entity connected to the footwear brand has acquired a neighboring property for $15.4 million in an off-market transaction. This acquisition complements their existing parcel, purchased for $16 million in 2019, forming a combined property spanning about three-quarters of an acre. The total investment in both properties amounts to $31 million.

Details of the New Property

The newly acquired property, located in Hermosa Beach, is a traditional three-bedroom, four-bathroom home with nearly 2,800 square feet of living space on a single level. Originally built in the late 1940s, the house has undergone updates over the years. It sits on a cul-de-sac parcel covering a third of an acre. Although not officially listed on the market, recent glimpses of the property reveal a well-maintained interior with notable features such as a glass-lined living room with a fireplace, built-in shelving, and doors opening to the backyard. Additionally, there are multiple dining areas, a kitchen with blue-and-white cabinetry and modern appliances, and a den with a Franklin stove and integrated entertainment center.

Interior and Exterior Highlights

The primary bedroom suite boasts a fireplace, sitting area, walk-in closet, and a newly remodeled bathroom with access to a private patio. Outside, the tiered grounds offer ocean views and feature an expansive terrace suitable for outdoor gatherings and relaxation.

Previous Acquisition and Wealth of the Greenberg Family

The Greenbergs previously acquired another beachfront property from former ballroom dancer and vitamin company founder Esmeralda Gallemore and her husband Ron. This property, purchased almost five years ago, boasts five bedrooms, seven bathrooms, and nearly 7,300 square feet of living space spread across multiple levels. It features a living room with a limestone fireplace, a screening room, gym, pool, sport court, fire pit, and a seven-car subterranean garage. The family's wealth, estimated at around $1.5 billion by Forbes, underscores their status as one of the nation's wealthiest families.