Kristen Wiig and her Los Angeles home (credit: Eva Rinaldi via Wikimedia, and Zillow)

From Luxury Listings: Actress and comedian Kristen Wiig is ready to bid farewell to her Los Angeles home.

The “Saturday Night Live” alum is asking $2.4 million for her three-bedroom home in the Franklin Hills neighborhood.

According to its listing, the 2,719-square-foot spread comes with mountain views, an open plan living and dining room, a narrow kitchen and a second level master suite complete with a sitting area, large bathroom and terrace. [More]

Pat Harvey and her home on Clear Valley Road

Live from Los Angeles, Pat Harvey really wants to unload her house.

The CBS anchor and veteran journalist relisted her Hidden Hills abode for just under $6 million — that’s more than $200,000 below what she paid for it in in 2009.

The 1.3-acre compound first hit the market about three years ago for $7.55 million, Variety reported. Spanning 9,330 square feet, the Mediterranean-style residence contains five bedrooms, five bathrooms, and two half-bathromms. It features a foyer with double-height ceilings, a butler’s pantry, a library, a wine cellar and a media room.

The master bedroom suite has its own sitting area and a fireplace. On the grounds, there are multiple terraces and loggias; a grilling station; a swimming pool with spa; and a koi pond.

Dana Olmes and Jeff Biebuyck of Sotheby’s International Realty have the listing. [Variety] — Cathaleen Chen

3139 Barbydell Drive (Redfin) and Kevin Demoff (Los Angeles Rams)

Kevin Demoff, COO of the Los Angeles Rams, seems to be settling into the teams’ relocation.

He bought a home in West L.A.’s quaint Cheviot Hills neighborhood last week for $4.15 million, property records show. The sellers, Jane and Robert Skibinski, had the traditional home rebuilt last year.

The six-bedroom estate has a two-story foyer; a master suite with a private balcony; a reading nook at the top of a staircase; and 5.5 bathrooms, the Los Angeles Times reported.

The property sold a touch below its asking price of $4.4 million. Rory Posin and Kristian Bonk of RE/MAX Estate Properties were the listing agents. Josie Benjamin of Coldwell Banker Residential Brokerage represented Demoff. [LAT] — Hannah Miet

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Priciest Listings

A former castle by the sea in Malibu made it to the top of last week’s priciest listings.

The nearly complete 15,200 square foot spec mansion on Malibu Crest Drive, called “the New Castle,” has an asking price of $80 million, or $5,263 a square foot.

It sits on the site of the former Castle Kashan owned by philanthropist and international socialite Lilly Lawrence, whose father, Reza Fallah, was once the oil minister for the Shah of Iran. The property burned down in 2007, and Lawrence sold the land to an entity connected to Gillen in 2015.

The 11,000-square-foot main house has a teak library-like wine room and teak, humidifier cigar room. The teak room alone cost $1 million, according to listing agent Alessandro Dazzan of Coldwell Banker Residential.

Here are the top five single-family home listings in Los Angeles, according to TRD’s analysis of Redfin and MLS data:

A rendering of 23800 Malibu Crest Drive (MLS)

1. 23800 Malibu Crest Drive, Malibu
   Price: $80 million
   Size: 15,200 square feet, 6 bedrooms/7 bathrooms
   Built: 2017
   Agents: Alessandro Dazzan of Coldwell Banker Residential Brokerage

 10697 Somma Way

2. 10697 Somma Way, Bel Air
   Price: $75 million
   Size: 40,000 square feet, 8 bedrooms/21 bathrooms
   Built: 2017
   Agents: Ty Cueva of Westside Property Group

6907 Grasswood Avenue

3. 6907 Grasswood Avenue, Malibu
   Price: $12.9 million
   Size: 3,872 square feet, 5 bedrooms/5 bathrooms
   Built: 1974
   Agents: Sara and Paul Grisanti of Coldwell Banker Residential Brokerage

1145 Stradella Road

4. 1145 Stradella Road, Los Angeles
   Price: $10.5 million
   Size: 5,040 square feet, 5 bedrooms/5 bathrooms
   Built: 2011
   Agents: Myra Nourmand of Nourmand & Associates

9236 Cordell Road

5. 9236 Cordell Drive, Los Angeles
   Price: $8.9 million
   Size: 6,000 square feet, 4 bedrooms/5 bathrooms
   Built: 2016
   Agents: Ann Dashiell of Douglas Elliman

Francis Ford Coppola and Bunker Hill

In this monthly column, The Real Deal takes a dive into L.A.’s storied real estate history.

March, 1984: Francis Ford Coppola holds garage sale

Film director Francis Ford Coppola raised $200,000 in an auction of movie memorabilia and camera equipment at Zoetrope Studios, after the studio itself was sold at foreclosure auction, the L.A. Times reported 33 years ago this month.

A Coppola spokesperson told the Times that the auction was held to “get rid of stuff not worth moving” to the new headquarters in San Francisco, rather than as a way to earn money for the troubled studio.

The most heated bidding war was for replicas of Las Vegas hotels used for the opening credits of a $26 million box-office flop “One From the Heart,” the Times said. For the dirty leather jacket worn by Matt Dillon in “The Outsiders,” a teenage fan paid $375. A denim jacket of the same provenance fetched $175.

Just four years prior, in 1980, the ‘Apocalypse Now’ director had unveiled his new studio at the corner of Santa Monica and Las Palmas Boulevard and likened the “hunk of Hollywood” to a small but flourishing winery.

Zoetrope’s financial woes became apparent after “One From the Heart” fizzled in 1981 and the studios fell into foreclosure. Real estate investor Jack Singer, who’d previously financed the film, eventually bought the studios for just $12.3 million in a court-ordered foreclosure auction.

“I’m terribly excited,” Singer, the head of Darion Development Corp. told the Times following the auction. “I’m also surprised at the bidding. I thought it would go for between $18 and $20 million.” By comparison, the nearby former Goldwyn studios of comparable size had sold for $30 million three years prior.

The 60 year-old facility, one of the oldest studios in Hollywood, formerly housed Hollywood General Studios, and Hollywood Jasper Studio, where silent film stars Harold Lloyd and Mary Pickford once worked.

Last month, The Real Deal reported that Hudson Pacific Properties would acquire the same facility at the corner of Santa Monica and Las Palmas Boulevards, now called Hollywood Center Studios, for $200 million.

March, 1995: Donald Tronstein, “mayor” of Rodeo Drive, dies at age 60

Donald Tronstein, who was nicknamed the unofficial “mayor of Rodeo Drive” for his work in improving the Beverly Hills shopping strip, died at age 60 of a heart attack, the L.A. Times reported 22 years ago this month.

Along with Fred Hayman and other prominent Rodeo Drive merchants and landlords, the former Coldwell Banker & Co. vice president was a booster for the shoppers’ paradise, which described itself that year as “Gold Paved Drive.” He was one of the original founders of the Rodeo Drive Committee.

Another Rodeo Drive pioneer, Herbert Fink, died last month aged 93. He opened a luxe boutique there in 1969, well before the strip became synonymous with high fashion.

March, 1965: Long-awaited Bunker Hill skyscraper breaks ground

Several hundred dignitaries watched on from under a white-fringed canopy as ground was broken for what was to be Southern California’s tallest building, the L.A. Times reported 52 years ago this month.

When the bulldozer tore into the blacktop of the temporary parking lot where the razed Monarch Hotel once stood, it marked the end of nearly 18 years of planning for the long-delayed Bunker Hill Urban Renewal Project.

Of 1,300 urban renewal projects in 800 cities across the U.S., none had been tied up longer by legal delays than the Bunker Hill plan, the Times wrote. Among the legal hurdles was a building height ordinance, which by law decreed the tallest building in the city to be the 32-story City Hall. The legislative changes pushed through for the large-scale slum clearance project created a dense zoning area, which eventually lead to a skyscraper building boom in the 1980s.

The 40-story tower, the first skyscraper to be built as part of the project, was designed by the noted firm Albert C. Martin and Associates and was slated to cost $30 million.

The building was constructed on a parcel acquired from the city’s redevelopment agency by the Connecticut General Life Insurance Co. of Hartford for just over $3 million.

Today, the property is known as the Union Bank Plaza building and is still among the tallest in Los Angeles.

Nick Carter and his home on Paradise Valley Road

Backstreet Boys crooner Nick Carter is checking out of Hidden Hills.

The nineties pop star sold his 5,500-square-foot home in the Valley for a little under $4.1 million, a small profit over the $3.65 million he paid for it two years ago, the Los Angeles Times reported. 

Built in 1956, the recently renovated home, which is located in gated equestrian community, has five bedrooms and 6.5 bathrooms, beamed ceilings, hardwood floors, an open-plan great room, a den and a family room with an aquarium.

Out on the grounds, there’s a covered patio with a fire pit as well as a a swimming pool and spa.

Andrew Mortaza of Keller Williams Realty and Marc Shevin of Berkshire Hathaway HomeServices California Properties shared the listing. The buyer was represented by Jordan Cohen of RE/MAX Olson & Associates.

The Backstreet Boys are currently performing at Planet Hollywood and Chateau Nightclub in Las Vegas. [LAT] — Cathaleen Chen

From the New York website: As Congress debates raising the minimum investment from $500,000 to $1.35 million, potential investors in China are doing whatever they can to get their EB-5 visa applications in before the current program is set to expire April. 28.

Changes to the program would have an outsized impact on developers who rely on EB-5 funds for their projects.

“Any interruption of the program or reduction in Chinese participation would have a meaningful effect on a development cycle that is already showing signs of strain in certain key U.S. cities,” Michael Shaoul, CEO at Marketfield Asset Management, told Bloomberg.

One of the biggest obstacles is how to get $500,000 out of China as officials there have cracked down on outbound capital.

Shanghai resident Kevin Tai, an EB-5 investor in Extell Development’s Central Park Tower, used his home as collateral to get a $500,000 loan from Hong Kong’s Hang Seng Bank, which is an easier way to get cash rather than trying to get yuan over the border in large sums, according to Bloomberg.

That route is closed now.

A top EB-5 regional center told The Real Deal last month that an investment minimum of $1.35 million would effectively ice the program. “I think you would see as much as a 90-percent drop-off in demand,”said Angelique Brunner, a spokesperson for the EB-5 Investment Coalition.

On Monday, TRD detailed how many Chinese buyers in New York are taking out traditional mortgages to finance apartment buys. [Bloomberg] – Rich Bockmann

Parker Center at 105 N. Los Angeles Street (Getty)

The Civic Center is one step closer to total transformation.

The Los Angeles City Council voted unanimously last week in favor of a plan for a $483 million, 27-story office tower which would replace the LAPD’s Parker Center at 105 N Los Angeles Street. As part of the 15-year civic center master plan, which also includes retail and housing, the Parker Center will be demolished. 

Preservationists vehemently opposed the razing of the 1955-built structure, designed by Welton Becket, citing the history of the city’s police force, the Los Angeles Times reported.

The L.A. Conservancy also alleged that the city overestimated the cost of preservation by at least $100 million.

Critics of the building, however, argue that it’s architecturally mundane and serves as a symbol of the LAPD’s racist past.

The development has the support of several community leaders as well as Council member Jose Huizar, who helped push for a plan that connects the civic center to Little Tokyo, Chinatown and El Pueblo. Restaurants and stores will also be ushered into the area between Chinatown, the Historic Core, and Little Tokyo.

“Our current civic center is outdated and poorly designed,” Huizar said. [LAT] — Cathaleen Chen

Rendering of Academy Museum (AMPAS)

A number of delays have pushed back the expected completion date of the Academy Museum of Motion Arts and Sciences’ new museum. Now, in the midst of construction, the Academy has changed builders.

It announced Saturday that it has switched construction companies, hiring on new builder MATT Construction, which will take the lead on the project starting June 1.

Construction began a year ago on the site of the former 1939 May Co. building on the northeast corner of Wilshire Boulevard and Fairfax Avenue, according to the Hollywood Reporter.

Morley Builders and Taslimi Construction were hired to renovate the building and add a spherical structure to serve as a 1,000-seat theater. But as the builders near completion on the first phase — focused mainly on demolition, excavation and the structural renovation of the May Co. building — they have been kicked to the sidelines for the most architecturally signifiant part of the project.

MATT will lead the next phase that includes building out a spherical theater designed by Italian architect Renzo Piano, an Academy spokesperson said. Morley and Taslimi will stay on in a less central role, handling the project’s concrete work.

The museum was expected to open late last year but the date was repeatedly pushed back. The Academy now says it will open in the spring of 2019. To pay for the project, the Academy launched a $300 million capital campaign in 2012, eventually raising the goal to $388 million.

“These kinds of projects evolve, to a certain extent, because the design architect is just drawing a sketch on paper at the beginning,” Rich Cherry, the museum’s COO, told THR. “We always knew that this would be a difficult build.” [THR] — Subrina Hudson

4 World Trade Center (Credit: 4wtc)

From the New York website: They may not be riding around on hover boards just yet, but clients today are finding that an increasing number of companies are designing common spaces in their offices as less-formal places to hold meetings.

While businesses have long designed common spaces for their employees, consultants and designers say that they’re now focused on creating areas for clients that include couches and stools, office cafes and game areas, the Wall Street Journal reported.

After a meeting, clients may spend an extra hour to have coffee or work from a free Wi-Fi connection. Some companies even encourage clients to bring clients of their own.

“Investing in this space helps the client become more comfortable, more informed about the organization outside of the formal space,” said John Sadlon, a principal at the architecture and design firm Perkins+Will.

Chicago-based investment research firm Morningstar, which occupies 30,000 square feet at Silverstein Properties’ 4 World Trade Center, designed its office with high-backed couches, chairs around coffee tables and a semi-enclosed auditorium with views of One World Trade Center and the city.

The idea is an extension of the move toward a more collaborative workplace, as companies look to decrease barriers between employees and clients.

“A great office is starting to look like a hotel lobby, and a great hotel lobby is starting to look like a place where work can get done,” said Lenny Beaudoin, a senior managing director at CBRE. [WSJ] – Rich Bockmann

Illuminated Venice sign at Venice Beach (Credit: Getty)

Los Angeles is consistently ranked as one of the least affordable urban areas for renters, but not all neighborhoods in the sprawling metropolis are created equal. In March 2017, median rents for a one-bedroom unit ranged from $1,010 to $3,000 a month, according to a report by Zumper.

Santa Monica had the priciest rents at $3,000 a month, followed by Venice at $2,890 and Marina del Rey at $2,700. However, while rents in Venice ticked up by $40 since Zumper’s September report, rents in Santa Monica did not change, Curbed reported.

The fourth priciest neighborhood was Westwood, at $2,625 a month. Downtown Los Angeles, where the median rent was $2,600 a month, clocked in as a pricier rental area than the combined neighborhoods of Bel Air and Beverly Crest, where the median rent was $2,300 according to the report. The latter is more known for its spec mansions than its one-bedroom apartments, but the emergence of DTLA as one of L.A.’s priciest rental areas is still worth noting. Rents in DTLA shot up 6 percent since September, Curbed reported.

Greater Cypress Park, West Adams and Westlake had more affordable rents, at less than $1,600 a month.

In the county as a whole, the median rent of a one-bedroom unit in March 2017 was $2,000, while two-bedroom units clocked in at $2,920, according to the Zumper report. Rents for both apartment types increased 5 percent when compared with the same month last year. [Zumper] [Curbed] — Hannah Miet

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Stan Druckenmiller and Malibu Colony Beach

Billionaire trader Stanley Druckenmiller and his wife Fiona look to have scooped up an oceanfront Malibu pad next door to action star Jason Statham for $36 million, The Real Deal has learned.

The five-bedroom, seven-bathroom property on Malibu Colony Road, which totals 6,900 square feet, sold in an off-market deal for roughly $5,200 per square foot, records show. It last traded in late 2006 for $22.75 million, to an entity managed by attorney and wealth manager Andrew Katzenstein. The identity of the owner behind the entity was not clear.

The LLC that bought the property appears to have been named for the Druckenmiller’s canine companion Axel. The dog recently strutted his stuff at the Westminster Dog Show, according to Fiona’s Instagram account. Druckenmiller’s in house counsel is named on the deed.

A spokesperson for Druckenmiller was not immediately available for comment.

Information about the home is scant, but records show that it dates back to 1980, was last renovated in 2010, and spans two-stories. The estate sits on a 15,500-square-foot lot with a pool.

Druckenmiller, a former hedge funder who now manages his own Duquesne family office, has a net worth of about $4.7 billion, according to Forbes. He was formerly a close consigliere of finance giant George Soros.

The couple reportedly spend most of their time in New York, but also own a palatial Connecticut estate known as Sabine Farm, which they’re listing for $31.5 million.

Statham has lived at the property next door since 2009, when he paid $10.95 million to buy it from film producer Matt Palmieri.

Malibu Colony properties typically command top dollar, even as rentals. Police frontman Sting and his wife, producer Trudie Styler, are looking to lease their 5,550-square-foot beachfront abode on the same street for a whopping $200,000 a month.

A homeless man in Pomona

Pomona officials recently approved $1.7 million in spending to buy land for a temporary shelter with 175 beds amidst growing tensions over homelessness in the area.

Critics say the political discourse on the issue had been dictated primarily by residents and shop owners who complain about encampments and loiterers, the Los Angeles Times reported. Its detractors complain that the shelter is a way for officials to more strictly enforce an anti-encampment policy, which was recently put on hold because of a lawsuit.

Last spring, L.A. pro bono law firm Public Counsel sued Pomona on behalf of several street dwellers, alleging that the city unlawfully confiscated their personal property, including identification and medications.

The city subsequently agreed, in a settlement, to stop seizing homeless people’s belongings as well as suspend its anti-camping enforcement until there were storage facilities and a bed for every homeless resident.

Proponents of the shelter argue that the needs of residents cannot be ignored.

Though I want to be compassionate for the homeless as much as I can, who is speaking out for the residents, the voters, the taxpayers?” Pomona Council member Rubio Gonzalez said in January, when city lawmakers voted on the homeless plan, dubbed “A Way Home.” [LAT] — Cathaleen Chen

The building at 3402 Pico and Cypress CEO Matthew McGovern (Google Earth, Novodradac)

Solar company Cypress Creek Renewables has purchased the former Grammy building at 3402 Pico Boulevard in Santa Monica from Hudson Pacific Properties for $35 million, The Real Deal has learned.

The company, led by CEO Matthew McGovern, paid $685 a square foot for the vacant 51,100-square-foot office building, which will serve as its headquarters starting at the end of the year, according to Jeff McKay, a company spokesperson. Cypress will vacate its current headquarters at 3250 Ocean Park Boulevard.

The solar farm provider, which has eight offices nationwide, had grown too large for its space, McKay said. Cypress chose to buy a building, rather than lease, so it could customize the space “to reflect [its] commitment towards renewable energy,” he said.

Hudson Pacific Properties acquired the building for $18.5 million in 2014 from Trammell Crow Company, which once had plans to develop the site into a 260-unit residential complex. The housing developer had purchased it from the National Academy of Recording Arts and Sciences for $10.5 million in 2011. The building has been vacant since the organization, which hands out the Grammys, relocated its headquarters to the Lantana campus in Santa Monica in 2009.

Hudson Pacific will use the proceeds of the sale toward its pending acquisition of Hollywood Center Studios, which The Real Deal first reported earlier this year. That sale is expected to close May 1, according to company filings.

Hudson is planning to build an additional 575,000-square-foot property on the studio site, which was once owned by Francis Ford Coppola.

Cecil B. DeMille and the Los Feliz house

The famed Cecil B. DeMille estate in Los Feliz is back and pricier than ever.

The property, on De Mille Drive, listed Monday for $24.95 million. It was most recently on the market in 2008, asking $23.95 million, but was delisted that same year.

Brett Lawyer of Hilton & Hyland is marketing the 11,000-square-foot home on behalf of its current owners, Richard Grossman and Linda Lyons. He did not immediately respond to a request for comment.

Inside the DeMille Drive property

DeMille, known as one of the founding fathers of American cinema, reportedly bought the property for just $28,000 in 1916 and later connected it with the house next door, which was formerly home to Charlie Chaplin. DeMille lived there for more than four decades.

The six-bedroom home sits on 2.1 elevated acres in gated Laughlin Park. The main Beaux Arts-style mansion was built in 1913. The property was recently renovated to include modern amenities. A new pool with arched fountains was installed.

DeMille is best known as one of the most prolific and revered filmmakers of the early to mid-twentieth century. He made about 70 feature films, including “Samson and Delilah” and “The Ten Commandments.”

Rendering of the Metropolis project (credit: highrises.com)

Condo development in Downtown Los Angeles is at an all-time high since the recession, according to the Wall Street Journal.

Nearly 2,000 new condos are under construction or on the market, some of which are going for over $1,000 per square foot, insiders told the Journal. Prices for existing downtown condos are also up 3.3 percent over the past year to $628 per square foot, according to Polaris Pacific.

Nearly 80 percent of the 308 units in the first of three towers at Greenland USA’s Metropolis project are in contract, according to Cory Weiss, an executive vice president at Douglas Elliman Development Marketing, which is marketing the project. The second tower, slated to open next year, is 30 percent in contract, he said.

Approximately 100 of the 151 units at TEN50, Trumark Urban’s 25-story condo building at 10th Street and Grand Avenue, are spoken for at prices ranging from $600,000 to $4 million, according to Trumark’s managing director Arden Hearing, putting the company ahead of schedule on sales.

Industry insiders point to oversupply in the rental market and insufficient condo inventory in DTLA.

“Everything went rental for a while and not enough condo product was built to meet market demand,” Miles Garber, head of research for Polaris, told the Journal. “The pendulum swung too far.” [WSJ] — Cathaleen Chen

David Mandell, Jamie Hodari and Industrious’ Brooklyn space

From the New York website: Co-working startup Industrious acquired the office sublet listing site PivotDesk and announced a new $25 million funding deal as it prepares to take on WeWork in the flexible workspace market.

The new capital raise, an add-on to a previously announced Series B round led by Riverwood Capital and including Outlook Ventures and Maplewood, brings the Brooklyn-based company’s capital raised to-date to $76 million.

Industrious and PivotDesk both cater to companies looking for flexible, short-term office lease arrangements, but they offer very different products. Industrious runs serviced co-working spaces not unlike WeWork’s. PivotDesk, meanwhile, is an online platform that matches office tenants looking to get rid of excess space with small companies looking to sublet a few desks or rooms.

“To me it’s totally fine that we are taking something under our wing that’s a competition to our core product, because we’re in competition with it either way,” said Industrious CEO Jamie Hodari, who co-founded the company with Madison Realty Capital alumnus Justin Stewart.  He said PivotDesk will continue to be run as a separate brand and website, but will likely expand its scope to become an online marketplace for all sorts of short-term office leases (not just sublets).

Industrious declined to disclose the terms of the acquisition and the valuation of the combined company.

With the acquisition, Industrious continues to expand its offerings beyond just co-working. Like WeWork, it no longer just offers desks to startups, but also caters to bigger firms. “I think we probably stopped being purely a co-working company about a year ago,” Hodari said.

WeWork, the co-working behemoth most recently valued at $17 billion, has also been branching out into different business lines like enterprise services and co-living.

Industrious currently has 12 locations in the U.S., including one in Downtown Los Angeles, and plans to use much of the new capital raised to lease and build out new spaces. Last April, the firm signed a 18,853-square-foot, 10-year lease at 600 Wilshire, TRD reported.

PivotDesk’s founder David Mandell said joining forces makes sense for both companies. But the deal also reflects a more challenging fundraising environment for real estate startups. “One of the dilemmas we had was we were creating a brand new market with Pivotdesk but it took a lot of time and unfortunately in this industry time equals money,” he said. “The market hasn’t been as giving as it had been in the past.”

The real estate tech market has shown signs of a merger wave beginning to form.

In November, the cloud-based property portfolio management platforms VTS and Hightower merged in a blockbuster deal. And in January, CBRE acquired Floored, a producer of 3D office floorplans.

“You’re reaching the tail end of a bull market and that’s what typically happens at the tail end of a bull market. That just trickles down to startups,” Zach Aarons, co-founder of real estate tech accelerator Metaprop, said in September.

Unlike most PivotDesk employees, Mandell did not join the new company following the acquisition, which closed in January. He wouldn’t elaborate on his plans. “I never really had a desire to become a real estate person and Jamie is very ingrained in the real estate business,” he said. “I’m CEO and that’s kind of what I’ve done the last few gigs. Industrious is Jamie’s company.”

Encino Hills home, Sean McVay (Crisnet/Getty Images)

First a new job and now a new home for Sean McVay, the new head coach of the Los Angeles Rams.

McVay purchased a contemporary-style home on Encino Hills Drive last week for $2.71 million, or $582 a square foot.

The 4,660-square-foot home on a corner lot first hit the market in September last year with an asking price of $2.8 million. It was cut several times before finally listing at $2.74 million, according to listing materials.

The six-bedroom, five-bathroom home was built for entertaining and features an open floor plan with an upstairs balcony, the Los Angeles Times reported. It also has a swimmer’s pool, built-in patio seating and additional amenities including security cameras and in-ceiling speakers.

Andrew Spitz and Harriet Cameron of Berkshire Hathaway HomeServices California Properties were the listing agents. Josh and Matthew Altman of Douglas Elliman represented the buyer.

McVay, 31, became the youngest head coach in NFL history when the Rams announced his appointment in January. [LAT] — Subrina Hudson