Franc Arnold Acquires Pierre Koenig's Schwartz House For $4M

German entrepreneur Franc Arnold, co-founder of Canyon Bicycles, has purchased Pierre Koenig's Schwartz house in Santa Monica, a renowned modernist architectural project. The single-family property, located in the desirable market of Santa Monica, reflects Arnold's affinity for industrial aesthetics. The property spans 2,380 square feet, with a sale price of $4,000,000, translating to a price per square foot of $1,681. The lot size is 4,641 square feet, resulting in a price per lot square foot of $862.

Summary of transaction details

• Property Type: Single Family
• Sale Price: $4,000,000
• Square Footage: 2,380
• Price per Square Foot: $1,681
• Lot Size: 4,641 square feet
• Price per Lot Square Foot: $862

Arnold's acquisition of the Schwartz house highlights his appreciation for innovative design and quality, reminiscent of the exceptional craftsmanship associated with Canyon Bicycles. This transaction was facilitated by Canyon Bicycles' representative, Franc Arnold, from the agency Canyon Bicycles.