Fashion Entrepreneurs Want $42 Million for Their Beverly Hills Home

  • 📰 WSJ
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Fashion entrepreneurs Tom and Ruth Chapman want $42 million for their Beverly Hills home. The pair bought the property for $24 million in 2017, when they sold their e-commerce business.

The gated property sits on roughly half an acre, with views from downtown Los Angeles to the ocean.Located in the exclusive community of Trousdale Estates, the home has views from downtown Los Angeles to the ocean, said real-estate agent Carl Gambino of Compass, who is co-listing the property with Dena Luciano ofThe house is approximately 6,230 square feet with five bedrooms, he said, plus a separate pool house that can be used as a guesthouse.

The Chapmans didn’t respond to a request for comment. According to Mr. Gambino, the owners tapped designer Pamela Shamshiri of Studio Shamshiri and spent several years completely renovating and redesigning the home. The house was originally built in the 1960s, records show, and has been torn down to the studs and rebuilt multiple times. The gated property, on roughly half an acre, is set back from the street and is extremely private, he said.

Mr. Gambino said as part of an extensive remodel, the owners redid the kitchen and added a media room and office. Outside, they ripped out decking in the backyard and added landscaping and a garden. The Chapmans founded their company in 1987. In 2017, they sold a majority stake of Matchesfashion to private-equity firm Apax Partners for an undisclosed sum.

In Beverly Hills, the median sale price for a luxury single-family home rose 29.6% in the first quarter, according to real-estate appraisal firm Miller Samuel.Trousdale Estates is an area of Beverly Hills. An earlier version of this article incorrectly said it is a gated community.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I offer 550 btc

Gee, guess who ran out of money?

Tabloid news. Tell rupert to go f.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The dream of owning a home is out of reach for 4 million AmericansAlthough quickly rising mortgage rates are already appearing to cool overheated housing markets, they are putting the homeownership dreams of millions of Americans even further out of reach, researchers and housing industry experts said. Why isn't removing foreign home ownership and removing companies/flippers from owning homes never an option when that would literally give everyone a chance to own homes again? We let those greedy people take advantage of us over and over. It needs to stop now. Love how no one mentions the corporations that are gobbling up 1/3 of the housing supply The world needs ditch diggers too. Maybe everyone will not own a home.
Source: ABC7 - 🏆 67. / 68 Read more »