Alexander Wang pays $19M for LA condo – Robert Khodadadian

About a year after award-winning fashion designer Alexander Wang produced a runway show in Los Angeles’ Chinatown, the New York-based designer is making moves to spend more time — and money — in the city. 

A trust connected to Wang paid $19.4 million for a unit at the ultra-luxe hotel-branded condo building, Four Seasons Private Residences Los Angeles, located at 9000 W. 3rd Street, according to property records. A Redfin profile of the unit, said it was 2,500-square-feet, the deal may pencil out to barely under $8,000 per-square-foot. 

The seller is the property’s developer, Genton Property Group.

About 70 percent of the building’s units were sold as of March, according to Billy Rose of The Agency, who serves as a listing agent for The Four Seasons Private Residences. Rose, however, declined to comment on Wang’s deal. Likewise, a request for comment from Wang was not returned.

Wang’s purchase may take the cake as this year’s 2023 priciest Los Angeles area condo. So far that distinction belongs to a $17.5 million condo at the 8899 Beverly building in West Hollywood. The deal for that condo was recorded in January. There was also a $14.5 million condo bought in March at the Pendry Residences West Hollywood. 

At the current pace, condo purchases may not top 2022’s priciest condo sale, which was a $21.5 penthouse at the Pendry Residences West Hollywood. The buyer is unknown.

Wang’s purchase, while not modest in price, is still a far cry from The Four Seasons Private Residences’s priciest listing. One L.A., the building’s 13,000-square-foot penthouse, which hit the market at $75 million. In March, the ask was cut to $50 million. 

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 About a year after award-winning fashion designer Alexander Wang produced a runway show in Los Angeles’ Chinatown, the New York-based designer is making moves to spend more time — and money — in the city.  A trust connected to Wang paid $19.4 million for a unit at the ultra-luxe hotel-branded condo building, Four Seasons Private Residences
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Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.