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Olaplex Acquires Luxury Mansion In Los Angeles' Bird Streets For $37.4M

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SOLD
$37,440,000
Michael Fahimian
Branden Williams
+ 1

California

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Single Family16,000 SF
Sold 06/13/2023
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Property Image
SOLD

Olaplex Acquires Luxury Mansion In Los Angeles' Bird Streets For $37.4M

1301 Collingwood Pl Los Angeles, CA 90069, USA

See Similar Deals
Single Family16,000 SF
Sold 06/13/2023
Michael Fahimian
Branden Williams
+ 1
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Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$2,340
Total Square Footage:16,000 SF
Transaction Type:Sale

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

24 deals$332.4M volume
BROKER


Rayni Williams
Williams & Williams Estates Group
48 deals$1.3B volume
BROKER

Jack Harris
The Beverly Hills Estates
27 deals$387.1M volume
BROKER

Details

SOLD
IMAGE: Rayni Williams, Branden Williams, Michael Fahimian & Jack Harris DATE: 06/13/2023 ADDRESS: 1301 Collingwood Place MARKET: Los Angeles ASSET TYPE: Single Family ~ ACRES: 0.67 BUYER: Dean & Darcy Christal - Olaplex SELLER: Kipp Nelson - Long Arc Capital BROKERS: Jack Harris, Michael Fahimian, Branden Williams & Rayni Williams - The Beverly Hills Estates SALE PRICE: $37,440,000 SF: 16,000 ~ PPSF: $2,340 NOTE: 1301 Collingwood Place, a luxury mansion in Los Angeles' Bird Streets, has sold for $38 million after undergoing price reductions. The three-level house, designed by Olson Kundig, includes amenities such as a 15-car auto gallery, spa, pool, and gardens.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,996,800.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$133,016.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$177,484.70
Annual Debt Service$2,129,816.41