Perhaps it was the sweeping ocean vistas or 70-plus feet of frontage on the popular Strand? Or perhaps it was the luring facilities — an infinity swimming pool and a 15-seat theater, simply for beginners. Whatever the case, the appeal was sufficient for Greg Hartmann, chairman of National Veterinary Associates and Ethos Veterinary Health, to administer a record $19.5 million for this contemporary home stashed in L.A.’s South Bay city of Hermosa Beach.
Grant deeds reveal the seller was Johnny Lopez, a founding partner of Beverly Hills personal equity company Platinum Equity, who with his other half Elizabeth paid $14.8 million for the beachfront retreat back in winter season 2013, not long after it was finished. As initially reported by The Real Deal, the off-market deal is the most expensive domestic Hermosa Beach sale to date—topping the sale of another neighboring home on the Strand to Oaktree Capital financial investment supervisor Robert O’Leary for $18.6 million in May.
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Custom-constructed by regional designer Demetrius Doukoullos and designer Louie Tomaro, the three-story structure functions 5 bed rooms and 8 baths in almost 7,000 square feet of living space boasting wood floorings, stone accents, a striking drifting staircase, and extensive walls of glass supplying views extending from Malibu to Catalina and Palos Verdes. There’s likewise an elevator and connected two-car garage.
A roomy excellent room holds a living room, dining location, and premium cooking area equipped with a main island, breakfast bar and high-end stainless devices. Other highlights consist of a living room, in addition to a swank master retreat providing a personal veranda, sitting location with fireplace, walk-in closet, and luxe bath geared up with double vanities, a soaking tub and double shower; and somewhere else is a basement hosting a cinema, recreation room, wet bar and 1,100-bottle wine rack.
And though the premises are compact, covering simply over 4,000 square feet, a hot tub-equipped roofing system deck is the best area to captivate with an outside cooking area, while a relaxing fireside lounge has moving glass doors that open straight to a beach-side outdoor patio sporting an infinity swimming pool. As an included benefit: The location is simply actions from the Hermosa and Manhattan Beach downtown locations and piers.
The listing was held by Robb Stroyke of Bayside Real Estate Partners, with Coby McDonald of Compass repping the purchaser.
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