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Swoon-worthy estate on exclusive La Brea Terrace asking $15M

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The 1.8-acre property is being sold by noted art dealer Margo Leavin

Courtesy of Brett Lawyer

Venerable art dealer Margo Leavin made headlines last year with the $40 million sale to Megan Ellison of the West Hollywood complex that housed her eponymous gallery for more than four decades. Now the art world maven is looking to unload her longtime personal residence on super-exclusive La Brea Terrace.

Tucked into the foothills east of Runyon Canyon, the gated enclave has been home to such notables as Charles Laughton, Diane Keaton, Roland Emmerich, Helen Mirren, and Taylor Hackford. It contains only about a dozen properties, very few of which ever appear on the open market.

Set on 1.8 wooded acres, Leavin’s residence was designed in 1941 by C. Raimond Johnson, USC's primary architect from 1937 until 1955. The 8,500-square-foot Streamline Moderne-influenced home has five bedrooms and seven baths, and features a two-story entry with a stunning curved staircase, hardwood floors, curved walls and terraces, a professional-grade kitchen, and huge picture windows offering views to Downtown.

The property’s verdant grounds feature mature trees, an expansive lawn, and luxurious swimming pool with spa.

According to public records, Leavin purchased the estate in 1992 for $1.56 million. It’s now listed with an asking price of $15 million.