A stripped-down Spanish-style in Silver Lake once owned by Leonardo DiCaprio has sold for $250,000 above its asking price, making the case that buyers preferences skew toward the new.
The actor parted with the property at 1675 Angelus Avenue in December, selling it for $1.55 million. In less than one year, the buyer flipped it, rendering it almost unrecognizable from the two decades when DiCaprio owned it, via a trust. During the dramatic remodel, the 1930s hacienda was stripped of nearly all of its period details, including a dazzling array of Spanish and Art Deco tilework that originally adorned the fireplaces and bathrooms.
The original wood doors and beams remain, refinished in a darker stain to jive with a new black and white color palette. Also gone: the grout-heavy kitchen and the decorative pressed tin ceiling that blanketed the ceiling of the outdoor pavilion. The new kitchen features stainless steel appliances, Shaker-style cabinets, recessed lighting, a large center island, and gold pulls. (View the old listing photos here).
Escrow closed on the property last week. The purchase price? $3.4 million. Sarah Jackson of Compass represented the buyer and Manuel Fierros of Ontrak Real Estate represented the seller.