Olaplex Acquires Luxury Mansion In Los Angeles' Bird Streets For $37.4M
1301 Collingwood Pl Los Angeles, CA 90069, USA
$37,440,000
$2,340/SF
Building Size
16,000 SF
Asset Type
Single Family
Closing
Jun 13, 2023
AI
1301 Collingwood Place, a luxury mansion located in Los Angeles' Bird Streets, has recently been sold for $37,440,000. The property spans over 0.67 acres and boasts a spacious living area of 16,000 square feet. The sale price of $2,340 per square foot reflects the desirability and exclusivity of this single-family home.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $37,440,000
- Address: 1301 Collingwood Place, Los Angeles
- Market: Los Angeles
- Acres: 0.67
The buyers of 1301 Collingwood Place are Dean and Darcy Christal, representing the company Olaplex. On the selling side, Kipp Nelson, affiliated with Long Arc Capital, facilitated the transaction. The deal was successfully orchestrated by a team of brokers from The Beverly Hills Estates, including Jack Harris, Michael Fahimian, Branden Williams, and Rayni Williams. This collaboration showcases the expertise and professional network possessed by these industry-leading brokers.
Designed by Olson Kundig, the three-level house offers an array of luxurious amenities, including a 15-car auto gallery, a spa, a pool, and meticulously landscaped gardens. The sale of this magnificent property underscores its allure and desirability amongst discerning buyers seeking the epitome of luxury living in Los Angeles' prestigious Bird Streets neighborhood.
Players
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93