Sierra Towers Explained

Sierra Towers
Location:9255 Doheny Road
West Hollywood, California
United States
Coordinates:34.0906°N -118.3943°W
Opening:1966
Building Type:Residential
Floor Count:31
Elevator Count:2
Cost:$12,000,000
Architect:Jack A. Charney
Developer:Walter and Leo Minskoff
References:[1]

Sierra Towers is a residential 31-story high-rise condominium building in West Hollywood, California, United States. located at 9255 Doheny Road, adjacent to Beverly Hills. It was designed by Beverly Hills mid-century modern architect Jack A. Charney, who studied under Richard Neutra and Rudolph Schindler.[1] Completed in 1965 as an apartment building, it was originally called the Spoon Apartment Building.

Construction

Sierra Towers was developed in 1965 for million (equivalent to $million in) by Walter and Leo Minskoff, whose family firm also built New York's Minskoff Theatre.[1] The building is known for being more than 15 stories taller than any other building within a 2miles radius. Due to Sierra Towers' unique positioning at the base of a hill (the same hill from which Beverly Hills gets its name), the building is the highest residential tower in the greater Los Angeles Area relative to sea level. The building is said to get its plural name from scuttled original plans to build a second tower.[1]

Notable residents

Sierra Towers was first operated as a rental property, but following its purchase by New York real estate investor Helmsley Spear Inc., the building was converted to condominiums in 1974.[1] A number of celebrities own condominiums in the 146-unit building,[1] including Karyn White, Diahann Carroll, Sandra Bullock, Kelly Osbourne, Robert Sherman, Jim Morris, Brody Jenner, Emma Watson, and Meg Whitman (since 2018).[2]

Historically, residents and owners have included: Joan Collins (25th floor, –2017);[3] Lily Collins (–2019);[4] PJ Harvey (29th floor, 2003–2018);[5] Matthew Perry (–2011);[6] and Lindsay Lohan (2006–2007).[7] [8]

In 2013, singer-actress Cher sold her 2302square feet two-story condominium, created by combining two one-bedroom units on the 26th and 27th floors, for million (equivalent to $million in).[9] In early 2014, Sandra Bullock purchased a 1672square feet unit in the southeast corner of the building's 22nd floor for $3.35million (equivalent to $million in);[10] in 2017, she bought a second, 2101square feet unit on the 20th floor, for $5.13million (equivalent to $million in),[11] while placing her original unit on the rental market at the same time, at $22,000 per month (equivalent to $ per month in).[10] Joan Collins's former 2300square feet residence, on the 25th floor, was sold in 2017 for $4.4million (equivalent to $million in).[12] In 2020, Courteney Cox sold her 1315square feet unit on the same floor for $2.9million (equivalent to $million in).[13]

The Wall Street Journal reported that Evan Metropoulos, a principal at his family's investment firm Metropoulos & Co., has bought and sold multiple units in the building.[14] He purchased a unit in 2014 for $3.5million (equivalent to $million in), selling it in 2016 for $4.65million (equivalent to $million in).[14] He bought two units, to be used as staff quarters, plus two penthouse units, over the course of 2012 to 2015, including expenditures of $30million (equivalent to $million in) to buy and combine the two penthouse units into one unit totalling 7000square feet.[14] [15] By 2018, walls had been removed to create the single penthouse unit, but renovations were still incomplete, so Metropouloswho had, while waiting, purchased a Beverly Hills mansionlisted all his Sierra Towers units for sale at a combined price of $58million (equivalent to $million in);[14] the listing was reduced to $33.5million (equivalent to $million in) by 2021, when Metropoulos decided to sell the properties by auction, with no reserve price.[15]

In 2023, Katy Perry purchased a penthouse apartment for $11million (equivalent to $million in).[16]

Notes and References

  1. Sierra Towers: The Secrets of L.A.'s Strange, Sexy Celebrity Condo Building . Daniel . Miller . . 28 October 2011 . 2024-11-23 . https://web.archive.org/web/20210516000617/https://www.hollywoodreporter.com/movies/movie-news/hollywood-flocks-sierra-towers-real-estate-254752/ . 2021-05-16 . live.
  2. News: Neal J. . Leitereg . Former Hewlett-Packard chief Meg Whitman buys West Hollywood condo for $6.5 million . . Business . August 23, 2018 . subscription . 2024-11-23 . https://web.archive.org/web/20240615004538/https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-meg-whitman-west-hollywood-20180823-story.html . 2024-06-15 . live.
  3. News: Neal J. . Leitereg . Dame Joan Collins lists her high-style digs at the Sierra Towers . . Business . 25 May 2017 . subscription . 2024-11-23 . https://web.archive.org/web/20240623010551/https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-joan-collins-sierra-towers-20170525-htmlstory.html . 2024-06-23 . live.
  4. News: Neal J. . Leitereg . Actress Lily Collins calls it a wrap at the Sierra Towers in West Hollywood . . Business . 4 March 2019 . subscription . 2024-11-23 . https://web.archive.org/web/20240620060217/https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-lily-collins-west-hollywood-condo-sold-20190304-story.html . 2024-06-20 . live.
  5. News: Jack . Flemming . Musician PJ Harvey quickly finds fan of WeHo condo . . Business . 22 June 2018 . subscription . 2024-11-23 . https://web.archive.org/web/20230814220112/https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-pj-harvey-condo-west-hollywood-20180622-story.html . 2023-08-14 . live.
  6. News: Lauren . Beale . Matthew Perry puts his WeHo condo on the market . . Business . August 17, 2011 . subscription . 2024-11-23 . https://web.archive.org/web/20191114034044/https://www.latimes.com/home/la-hm-hotprop-matthew-perry-condo-20110817-story.html . 2019-11-14 . live.
  7. News: . Lindsay Lohan bashed by new neighbors . . 26 October 2006 . 2024-11-23.
  8. News: Ruth . Ryon . Ruth Ryon . Condo? So over it . . Business . 18 March 2007 . subscription . 2024-11-23 . https://web.archive.org/web/20230814220116/https://www.latimes.com/archives/la-xpm-2007-mar-18-re-hotprop18-story.html . 2023-08-14 . live.
  9. News: Lauren . Beale . Cher sells West Hollywood pied-a-terre for $5.25 million . . Business . 2013-03-30 . subscription . 2024-11-23 . https://web.archive.org/web/20160422145852/https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-cher-20130330-story.html . 2016-04-22 . live.
  10. Mark . David . Sandra Bullock Sets One of Her Two Sierra Towers Condos Out for Rent . . December 15, 2017 . 2024-11-23 . . https://web.archive.org/web/20241124053315/https://www.yahoo.com/entertainment/sandra-bullock-sets-one-her-184233735.html . 2024-11-24 . live.
  11. Joyce . Chen . Sandra Bullock's Real Estate Portfolio: A Timeline of Her Homes and Investments . . April 28, 2021 . subscription . 2024-11-23 . https://web.archive.org/web/20240821183652/https://www.architecturaldigest.com/story/sandra-bullock-real-estate-portfolio-timeline . 2024-08-21 . live.
  12. News: Neal J. . Leitereg . Dame Joan Collins lists her high-style digs at the Sierra Towers . . Business . May 25, 2017 . subscription . 2024-11-23 . https://web.archive.org/web/20240623010551/https://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-joan-collins-sierra-towers-20170525-htmlstory.html . 2024-06-23 . live.
  13. News: Neal J. . Leitereg . Jack . Flemming . Hot Property: Courteney Cox finds a friend for West Hollywood condo . . August 22, 2020 . subscription . 2024-11-23 . https://web.archive.org/web/20240224142229/https://www.latimes.com/business/real-estate/story/2020-08-22/hot-property-courteney-cox-finds-a-friend-for-west-hollywood-condo . 2024-02-24 . live.
  14. News: Candace . Taylor . Evan Metropoulos Seeks $58 Million for Unfinished Penthouse . . 2018-03-07 . subscription . 2024-11-24 . https://web.archive.org/web/20210808211544/https://www.wsj.com/articles/billionaire-scion-seeks-58-million-for-unfinished-penthouse-1520436602 . 2021-08-08 . live.
  15. News: Katherine . Clarke . Once Asking $58 Million, a Private Equity Scion's West Hollywood Penthouse Hits the Auction Block . . May 13, 2021 . subscription . 2024-11-23 . https://web.archive.org/web/20210513132402/https://www.wsj.com/articles/once-asking-58-million-a-private-equity-scions-west-hollywood-penthouse-hits-the-auction-block-11620910800 . 2021-05-13 . dead . [note: this article includes a terrific aerial view of the tower, with downtown LA in the background].
  16. Katie . Schultz . Katy Perry Buys Sierra Towers Penthouse for $11 Million . . 22 May 2023 . subscription . 2024-11-23 . https://web.archive.org/web/20240526082352/https://www.architecturaldigest.com/story/katy-perry-buys-west-hollywood-penthouse . 2024-05-26 . live.

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