Charlize Theron Sells Hollywood Penthouse at a Loss (EXCLUSIVE)

It was veteran celebrity real estate snitch Vlad the Revealer at Celebrity Address Aerial from whom we first heard that Charlize Theron sold a penthouse apartment at the Broadway Hollywood Lofts building smack in the heart of Hollywood for $1.75 million. But, unfortunately for the drop-dead gorgeous 2004 Oscar winner (“Monster”), she lost a celebrity-sized bundle on the loft-style condo that she picked up in 2007 for a sliver more than $2.75 million. The two-floor aerie has just one bedroom but two bathrooms in 2,350 square feet, a stainless steel kitchen, and interconnected living spaces with lustrous ebony hardwoods and extra-high ceilings with exposed duct work. Floor-to-ceiling steel-framed windows in both the living and dining areas open to a pair of terraces, one with a head-on view of the iconic Capitol Records building, while a floating steel staircase climbs to the upper floor where, along with the master bedroom and bathroom, there’s a third terrace with outdoor fireplace and glittery city view.

The top floors of the Renaissance-style edifice, originally built in 1927 as a department store, were converted to luxury condominiums in the mid-aughts, and the, mid-rise tower is well known for its glitterati condo-owners, including Jason Statham, Jack Osbourne and Wilmer Valderrama.

Theron, who has at least half a dozen projects in development — notably, “The Last Face,” penned by her ex, Sean Penn — continues to own a secluded house in the Hollywood Hills, a couple of unassuming Spanish bungalows on different blocks of the same West Hollywood street, and a Mediterranean villa in the Outpost Estates neighborhood that she picked up in 1998 for $1.65 million.

listing photos: Partners Trust

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  1. scottzwartz says:

    The Broadway was one of the better conversions and much better than the tasteless new construction in Hollywood but as fact replaces hype, people realize that living in the middle of gridlock has serious drawbacks. Even if Theron sold the condo for solely personal reasons, the huge loss shows how poorly the buying public has come to view these condo conversions and the newly planned mega-projects in Hollywood.

    The claim that there is a huge housing shortage for high-enders and for the low end Affordable Market is basically propaganda so that the public will support billionaire developers’ constructing more projects. Los Angeles’ HCID Committee is considering $360 Million in tax dollars to developers for affordable housing. See LA council file 15-0087.

    HCIDLA LA Council File # 13-0303 wants $11,779,54 for five projects. If there were a demand for all this construction, the government would not have to pay millions of dollars to the developers. This article shows that everyone — from the celebrities who are supposed to have wise money-managers to the poor — are taken in by the housing propaganda.

    As Judge Goodman said in rejecting the Hollywood Community Plan on Jan 15, 2014, the City uses fatally flawed data and wishful thinking in making its plans. It looks like Ms. Theron is but one victim of the misinformation.

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