Sunset Strip Luxury Residence – 1877 Rising Glen Rd, Los Angeles, CA, USA

$15.5 Million Sunset Strip Luxury Residence - 1877 Rising Glen Rd, Los Angeles, CA

Summary

Sitting on the rim of the coveted “Bird Streets” in Los Angeles, this private contemporary luxury estate was designed with an international aesthetic and modern architectural features including outstanding attention to detail and impeccable craftsmanship throughout. Located above the Sunset Strip with sweeping views of greater LA, this stunning property features two separate structures encompassing open living spaces and thee bedrooms as well as a den, movie theater, gym, bar area, and 75-foot long pool, making the property an ideal venue for large scale entertaining as well as day-to-day living.

In March 2013, the developer, CGI Strategies purchased actor Ryan Phillippe’s former residence at 1877 Rising Glen Rd as a re-development project. The structure was completely renovated and reoriented on much of the original buildings footprint. The goal of the redesign was to open up individual spaces without sacrificing privacy, while bringing much needed light into the home. The completely remodelled residence features towering ceiling heights and broad wall space providing great opportunities to display art in an inspiring context. The majestic gallery entry and open-plan great room provide endless opportunity for both intimate and large-scale entertaining complete with show-stopping city views through 15-foot floor-to-ceiling moveable window walls that convey the ultimate Southern California lifestyle.

The completed home renovation project achieved a sale price of $15.5 million on June 25, 2015, with total project costs coming in at $10.3 million, netting a gross profit of $5.2 million over the two and a half year project period according to data published by the developer. In retrospect, Rising Glen came with several rarities for a property in the hills that lead directly to the success of the project - ample square footage, parking, seclusion, curb appeal and explosive 260-degree views down the canyon into the city of Los Angeles.

Details

Type Sunset Strip Mid-Century Modern
Sold $15,500,000 USD - (06/25/2015)
Bedrooms 4
Bathrooms 7
Levels 3
Size 8,200 sq. ft. (761.80 m²)
Lot 22,825 sq. ft. (2,120.49 m²)
Land 0.52 acres (0.21 hectares)
Built 2015

Location

Address 1877 Rising Glen Rd, Los Angeles, CA 90069
State California
Country United States of America
Neighborhood Sunset Strip

Credits

Developer Gidi Cohen – CEO of CGI Strategies
Designer Max Fowles-Pazdro Architecture
Landscaping Tomer Levi – DG Landscapes
Past Owner Ryan Phillippe - Actor
World's Best Luxury Real Estate

  Solespire Media Inc.
  Vancouver, BC, Canada

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World's Best Luxury Real Estate

  Solespire Media Inc.
  Vancouver, BC, Canada

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