Celebs Make Secret Real Estate Deals at Sierra Towers

Sierra Towers Celebrity Real Estate
Celebrityhomephotos.com.

It’s no great secret among avid celebrity real-estate watchers that L.A.’s rich and famous have long been drawn to the sexy, glass-walled condominiums at Sierra Towers, a striking example of 1960s minimalist architecture on the border of West Hollywood and Beverly Hills. Former high-profile residents of the 31-story highrise include Peter Lawford, George Hamilton, Sidney Poitier, David Geffen and peacocky music icon Elton John, who owned a characteristically glammy two-unit combination on the 20th floor that he sold in 2012 for a tad more than $4.6 million. Tinseltown veteran Diahann Carroll has long called the full-service building home, as have BevHills socialite Nikki Haskell, rocker PJ Harvey and ever-saucy octogenarian Joan Collins who, in 2008, paid $2.7 million for her high-floor spread, owned in the mid-1990s by musicvideo sexpot Tawny Kitaen.

In the past few years, the building has been particularly jam-packed with name-brand occupants who, more often than not, buy and sell in secretive off-market deals. No units are currently listed on the open market, but an impeccably placed real estate birdie tells us the tony tower’s only duplex — a two-unit combination previously owned by Vincent Gallo and, more recently, Cher — is being shopped around as a whisper listing with an asking price between $5.6 million and $5.9 million. The scuttlebutt is that the businesswoman owner originally planned to combine the duplex with an adjacent unit, but instead quietly sold the third unit in November 2014 to superstar real-estate broker Kurt Rappaport, who quickly flipped it in late January in another off-market transaction to jewelry designer Loree Rodkin, a longtime Sierra Towers resident who had, just a week or so before, sold her 3,500-square-foot, two-unit combo in yet another off-market deal for $8 million to smallscreen royalty Mary Hart and Burt Sugarman.

Implacable real estate yenta Yolanda Yakketyyak says she’s one million percent positive that at just about the same time last spring when Sharon and Ozzy Osbourne made a $4 million off-market deal for a three-bedroom spread on one of the lower floors, Sandra Bullock pulled the trigger on a completely under-the-radar multimillion-dollar purchase of a midfloor corner unit once owned by Matthew Perry, whose former “Friends” co-star Courteney Cox currently owns not one but two neighboring units on a higher floor that she surreptitiously picked up in a couple of down-low deals — one in 2011, the other in the fall of 2014 — that totaled $4.55 million.

Besides all the showbizzy sorts who inhabit Sierra Towers, there are also a slew of influential businessmen who own there, including tech tycoon-turned-philanthropist David Bohnett, shoe and handbag designer-turned-Platinum Triangle mansion developer Bruce Makowsky and Canadian magnate Robert Herjavec, an investor panelist on “Shark Tank” and a current contestant on “Dancing With the Stars,” who earlier this year coughed up $3.15 million for his mid-floor unit. Billionaire financier Tom Gores still holds property in the building, while his brother, Paradigm Talent Agency chairman Sam Gores, sold his condo last year for $3.1 million to big-time book editor Judith Regan. Private investor and philanthropist Nicolas Berggruen — a man who used to be described in the press as the “homeless billionaire” because he lived in hotels and didn’t own a home — is rumored in property circles to have hoovered up at least seven units in the building over the past couple of years at a cost in excess of $17 million, and several real estate magpies we gabbed with swear thirtysomething Pabst Brewing Co. co-CEO Evan Metropoulos also owns at least five units, including both penthouses, one he picked up in 2010 for $10 million and the other covertly snatched just a couple of months ago for $17.2 million.

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  1. TrevorP says:

    Now i dont care about this, i’m earning average 5000$ a month. There is very useful way i found on the web. If you want to learn it too, just type in google: Willis Mounts Strategy

  2. Interesting. This is also one of the feature apartments for Josh Flagg on the popular show ‘Million Dollar Listing: Los Angeles’. I always wonder if they overinflated the value of the building on the show. Apparently not.

  3. dellH says:

    I don’t get why people love this building, for a little more you could own a home below in the flats or around the hills.

  4. LA Ad Guy says:

    People have gotten this wrong before, Edith Flagg’s condo was in Century City, one of the towers next to Pico Blvd, not Sierra Towers.

  5. Viva! says:

    I’m so glad Mary Hart is finally in a condo befitting her status as an old school Hollywood favourite…why she and Burt ever purchased that unit in the awful Ritz Carlton at LA Live building, after years of living in the Trousdale Estates, I’ll never understand, it must have been a pre-sale steal.

  6. Desert Donna says:

    Any word on Edith Flagg’s place? I could not find anything online. Leads me to believe Josh will move in

    • Brian says:

      Josh’s boyfriend Colton has the address listed as the address for his interior design firm. I looked at the property records on Zillow and its listed as one of the four penthouses and the property hasn’t changed hands since the 70’s. My guess is they are already in,

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