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Travis Kalanick, the co-founder and former chief executive of ride hailing company Uber, is the previously undisclosed buyer who paid $43.3 million for a Los Angeles estate last month, according to sources with knowledge of the deal.
Known as the Bellagio estate, the property traded well below its original $75 million asking price, but is one of the largest L.A. home sales to close since the coronavirus pandemic.
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The seller was a limited liability company tied to real-estate investor Christopher Cole, records show. Mr. Cole’s company paid $38 million for the property in 2015. Another previous owner of the property was the late NFL team owner Georgia Frontiere.
The Spanish Colonial Revival-style mansion, designed around 1930 by architect Paul Williams, underwent a three-year renovation before hitting the market last year. The house measures about 20,000 square feet with seven bedrooms and a roughly 7,000-bottle wine cellar finished in 18th-century limestone. The nearly 2-acre property also includes two swimming pools and a tennis court.
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A spokeswoman for Mr. Kalanick didn’t respond to requests for comment. Mr. Cole couldn’t be reached for comment.
Mr. Kalanick was ousted by investors from his post as Uber’s chief executive in 2017, and now heads kitchen rental company CloudKitchens. The signatory on the deed for the Bellagio estate was CloudKitchens founder Diego Berdakin, leading to reports that Mr. Berdakin was the buyer of the home. Mr. Berdakin couldn’t be reached for comment.
Mr. Kalanick also owns a large penthouse in New York City, which he bought for $36.5 million in 2018.
The L.A. property was listed by Jeff Hyland, Drew Fenton, and Linda May of Hilton & Hyland as well as Jade Mills of Coldwell Banker Global Luxury. Bob Safai of Madison Capital Partners represented the buyer.
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The post Travis Kalanick Is Behind $43.3 Million Deal for Los Angeles Mansion appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/travis-kalanick-is-behind-43-3-million-deal-for-los-angeles-mansion/
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