Despite COVID-19 woes, the address of L.A.’s chic Pacific Palisades adjacency to the awfully flush has not been dimmed. The breadth saw one of its better sales of the year abutting beforehand this month, aback a awe-inspiring acreage in the Riviera ascendancy transferred for about $20 actor in cash. Property annal announce the buyers are José Feliciano and Kwanza Jones, a billionaire affiliated brace who already own a abundant accumulating of bays absolute acreage on L.A.’s Westside.
Built in 1995 and originally styled in an ode to Mediterranean architecture, the two-story abode aftermost awash in 2012 for a almost bashful $7.5 million. The buyers, a non-famous bounded couple, assassin Santa Monica-based Robert Leese of Cahill-Leese Architects to essentially acclimate and enlarge the absolute structure. Leese ultimately added added than 2,000 aboveboard anxiety to the home, which now sports a anew abreast design, complete with colossal windows and a soothingly aloof blush palette.
Set on a sycamore-dotted lane that is frequently advised one of the best streets in the Palisades Riviera, the 8,000 sq. ft. manse lies on a half-acre hillside lot with direct, bare angle over the Riviera Country Club — one of the city’s best awfully absolute golf clubs, breadth admission fees run $250,000 and associates reportedly accommodate Mark Wahlberg, Adam Sandler, and Ari Emanuel.
Inside, the home offers accidentally luxe interiors; there’s a gourmet kitchen with top-of-the-line Wolf and SubZero appliances, including a glass-fronted refrigerator additional a full-size wine refrigerator. The kitchen opens to the comfortable ancestors room, breadth foldaway bottle doors discharge out assimilate a blooming terrace. A bold allowance is serviced by a wet bar, while the adept apartment has a clandestine terrace with bird’s eye golf advance views, a sitting breadth with fireplace, and a choice bath with a assimilation tub and abstracted vanities.
Out back, a board patio surrounds the abyssal pond basin and a adjacent spa. Beyond that, a ample application of backyard campaign bottomward to an affectionate al adorn dining area; from there, a comically continued flight of ambagious stairs leads bottomward the hill, through the property’s all-encompassing terraced area that are added evocative of a country acreage in Italy than the area of a archetypal L.A. mansion.
Feliciano and Jones, both in their 40s and accompanying back college, accept been abundant in the account afresh for their alms — they’ve able added than $50 actor in grants to advancing minority-run advance companies, and aftermost year they gave $20 actor to their alma academy Princeton University, the better allowance by Black and Latino donors in the institution’s 274 year history.
L.A. built-in Jones is an alive recording artisan and architect of the affairs development cast Supercharged by Kwanza Jones. Feliciano, who hails from Puerto Rico, co-founded the clandestine disinterestedness juggernaut Clearlake Capital with longtime business accomplice Behdad Eghbali; Forbes currently pegs Feliciano’s net account at $2.1 billion.
The brace has been active on the absolute acreage front, too. Aftermost year, they paid a absolute of $16 actor in abstracted affairs for two side-by-side teardown houses in Santa Monica — combined, the accoutrements amount added than an acre of prime land. Some of their countless added absolute acreage backing accommodate three affluence condos in Marina del Rey, a multimillion-dollar Santa Monica retail building, and a custom-built beach Marina del Rey abode that’s acceptable account added than $10 million.
Morgan Trent of the Aaron Kirman aggregation at Compass captivated the off-market listing; Vladan Stojanovic, additionally of Compass, repped the buyers.
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