Tuesday, March 28, 2023



Nothing on the buyer.

In June, 2022 Cynthia Pett Dante as trustee of Briarcliff Trust reportedly signed a "deed of trust and assignment of rents" on the property with City National Bank (CNB).   It included a $17.5 million "Home Equity Line of Credit Agreement."  It likely served as a bridge loan to help pay for the purchase of Seaward which was announced in August, 2022.  They wanted to close on Seaward but didn't yet have a buyer for Briarcliff.

The decision to sell and the off-market listing of Briarcliff was likely made before they went to CNB.   All their remaining personal stuff had been quietly moved out of the house that already seemed vacant when he was interviewed by GQ in late April.

The sale of Briarcliff closed just before the new mansion tax in L.A. takes effect in April.  It imposes a 4% tax on home sales above $5 M and a 5.5% tax on sales above $10 M.

People was allowed to announce that the property was for sale but was left out of the loop for the sale itself.



"Brad Pitt has sold his Los Feliz home for around the asking price of $40 million. The deal was done off-market," a source tells ET.

Pitt was represented by Jonathan Mogharrabi of Compass and Marci Kays of The Agency.





Though it never appeared on the open market, it was no secret Brad Pitt was looking to unload his longtime compound in L.A.’s celeb-favored Los Feliz neighborhood; it was confirmed in People magazine some months ago that the multi-residence estate was being shopped around to qualified buyers with a price tag of $40 million. So the story goes, the motorbike-riding leading man is looking for a smaller place in Los Angeles.

Now, even though records do not yet reflect a change of ownership, Hollywood gossip juggernaut Entertainment Tonight cites an anonymous source who claims Pitt has sold his whole Los Feliz enchilada for “nearly $40 million.” DIRT can’t yet confirm the reported price but we do know that Pitt was jointly represented in the deal by Jonathan Mogharrabi at Compass and Marci Kays at The Agency.

The “Bullet Train” actor bought the first and largest portion of the property in 1994 for $1.7 million from Cassandra Peterson, otherwise known as Elvira, Mistress of the Dark. Over the next 15 years he shoveled out another $3.42 million in four separate deals to scoop up four neighboring properties that brought the size of his spread to almost two acres.

All but invisible behind unassuming wooden gates and towering hedges and fortified by head-of-state-worthy security, the sequestered compound is anchored by a three-story Craftsman-style main house of nearly 7,000 square feet. Surrounding the home are terraced gardens, a skateboard park, and a pair of side-by-side swimming pools, one round and the other oval.

An avid architecture and design buff, the compound’s several other structures include a radically reimagined home converted to a sleek studio/residence custom designed in collaboration with Pitt by the Berlin-based multidisciplinary design studio Graft. According to the website, the structure “grafts the Chigaidana of Japanese furniture with the European idea of the golden ratio.”

Pitt has owned several notable homes across Los Angeles over the years, including one in Malibu he sold to Ellen DeGeneres more a dozen years ago. His current holdings include a 50% stake in the Chateau Miraval estate on the French Riviera, an oceanside hideaway near Santa Barbara, and the historic D.L James House in Carmel Highlands, Calif., which he picked up just last year for $40 million.







2012














Posted by at
Labels: