Originally on the market in January for $7 million, the historic penthouse was discounted to $6 million in March. It was sold in August for the still-impressive price of $5.5 million, which is a record for the downtown Los Angeles Arts District, reports the Times.
Lin, producer of the “Fast and Furious” franchise, speeds away with a hefty profit for the live-work space, which he picked up for $2.6 million in 2012, according to Realtor.com®.
Flexible and fabulous
Constructed in 1925 as the West Coast Nabisco headquarters, the structure was converted to a live-work community in 2007. It was declared a Historic Cultural Monument.
Penthouse details include maple wood floors, exposed brick, high ceilings, and open staircases. The unit served as headquarters for Lin’s film production company, Perfect Storm Entertainment.
The four-level, 4,300-square-foot unit comes with two beds and 2.5 baths. The top floor has functioned as a pied-à-terre.
It features a flexible floor plan, with the main living spaces and industrial-style kitchen on the second floor and the primary suite occupying the entire third floor.
The outdoor space offers an additional 3,600 square feet of private terraces.
Building residents enjoy 24/7 concierge service, a garden terrace, and a swimming pool. The location is within walking distance to eateries and has easy access to the Westside, Hollywood, and Valley studios, the listing notes.
Lin has directed or produced multiple “Fast and Furious” movies, which have grossed $2 billion worldwide. He’s currently a writer and producer on the latest of the franchise, “Fast X.”
Lin’s brother, Jimmy Lin, of One True Loan, and Compass agents Justin Alexander and Tab Howard represented the listing.
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