Director Justin Lin simply closed the priciest deal ever for a condominium in downtown L.A.’s Arts District, promoting his penthouse loft for $5.5 million.
It’s a defining sale for downtown L.A.’s luxurious market, which took successful in the course of the pandemic as patrons labored remotely and deserted vertical dwelling in favor of single-family housing. The sale additionally ranks as downtown L.A.’s priciest condominium deal exterior the Ritz Carlton Residences at L.A. Stay, the place NBA gamers similar to Kawhi Leonard and Lonzo Ball have purchased properties to be near Crypto.com Area.
Lin, who’s greatest recognized for guiding 5 movies within the “Quick and Livid” franchise, bought the place a decade ago for $2.6 million from actor-director Vincent Gallo and used it as an workplace for his manufacturing firm, Excellent Storm Leisure. Information present he listed it on the market earlier this yr at $7 million.
At 4,300 sq. ft, the four-story condominium is larger than most single-family properties. It sits atop the seventh ground of Biscuit Firm Lofts, a 1925 constructing that when served because the West Coast headquarters of Nabisco.
The Nineteen Twenties constructing. (NeueFocus)
The lounge. (NeueFocus)
The principle degree. (NeueFocus)
The open ground plan. (NeueFocus)
The bar. (NeueFocus)
The kitchen. (NeueFocus)
The workplace. (NeueFocus)
The staircases. (NeueFocus)
The bed room. (NeueFocus)
The rooftop deck. (NeueFocus)
The patio. (NeueFocus)
The view. (NeueFocus)
The pool. (NeueFocus)
Transformed right into a live-work house in 2007, the loft is a vibrant concoction of brick, wooden and glass. Floating staircases slice via the open-concept house full with two bedrooms and a pair of 1/2 bogs — together with a main suite that spans your entire third story.
There’s loads of exterior house as effectively, as a number of terraces and lounges mix for 3,600 sq. ft exterior. The constructing, which was named a Historic Cultural Monument in 2007, provides facilities similar to a concierge, backyard terrace and swimming pool.
Lin’s brother, Jimmy Lin of One True Mortgage, held the itemizing with Justin Alexander and Tab Howard of Compass. Michael Robleto, additionally with Compass, represented the customer, who stays unclear.
A local of Taiwan, Lin earned a movie diploma from UCLA earlier than happening to direct motion pictures similar to “Higher Luck Tomorrow” and “Star Trek Past.” He most not too long ago directed 2021’s “F9” and is serving as a author and producer for the subsequent entry within the franchise, “Quick X.”