Wednesday, May 28, 2008

Sierra Towers Sell Off

SELLER: Matthew Perry
LOCATION: Doheny Road, West Hollywood, CA
PRICE: $4,500,000
SIZE: 1,672 square feet, 2 bedrooms, 3 bathrooms (per assessor)
DESCRIPTION: None.

YOUR MAMAS NOTES: Former Friend and well known ladee luver and leaver Matthew Perry–currently linked to former gurly gal pal Lauren Graham–has been on a bit of a real estate whirligig lately. In April of 2008 he forked over $4,475,000 for a recently rehabbed contemporary confection on Carman Crest Drive, and yesterday Your Mama managed to suss out that the one-time a-list actor has put his 22nd floor unit at the celebrity packed Sierra Towers building on West Hollywood's Doheny Road on the market with an impressive $4,500,000 asking price.

Property records show Mister Perry bought his south and east facing corner unit in April 2005 for an undisclosed sum of money. Listing information does not provide any details on the size of the unit or the number of bedrooms and bathrooms so Your Mama will defer to the Los Angeles County tax man (or woman) who measures the condo at 1,672 square feet with 2 bedrooms and 2.5 bathrooms.

From the one photo Your Mama was able to locate that shows Mister Perry's interior day-core, it appears that he had the good sense to hire a nice gay decorator who did his digs up with a minimal amount of clean lined and contemporary furniture...all the better to keep the focus on the magnificent view which on a clear day stretches all the way to the Pacific Ocean. We're a little disappointed at the lack of color we see in the large living and dining room, however, we're thrilled to see the floor to ceiling windows free of fussy fabrics and Your Mama always appreciates a chunky picnic style dining room table, even if it is a little passé design wise.

Times have certainly changed at the Sierra Towers, haven't they children? Only a few years ago one of these condos with a big view could be scooped up for a million clams or less. Then the Los Angeles real estate market went utterly berserk and the modestly sized glass walled units started selling like hotcakes for between two and three million dollars. Nowadays they're priced as stunningly high as a house in the hills with a swimming pool, a grass patch and a spectacular view.

In fact, a 20th floor unit with just 1 bedroom and 2 bathrooms is currently listed at $5,500,000 and mega-rich bizness man and property maven Peter Morton recently listed an 8th floor unit he purchased in January of 2007 for $3,500,000, and also with just 1 bedroom and 2 bathrooms, for $3,950,000.

All the children know by now that the Sierra Towers, a building Your Mama's sensationally sassy amigo Kenny Kissentell refers to as "The Greys and Gays" due to it's large contingent of old and/or homosexual residents, is littered with big name rich and famous folks: Wickedly well preserved actress Dihann Carol calls the tall tower home; In early 2006 Cher dumped $4,500,000 on a 1 bedroom pied a terre once owned by music mogul (and former beau) David Geffen; Elton John and huzband David Furnish recently snapped up a 20th floor fixer for $2,497,000; And let's not forget ageless actress and geriatric jet setter Joan Collins who recently scooped up a 27th floor unit she shares with her much younger boytoy huzband Percy Gibson.

Other current and former famous residents include (but are not limited to) Oscar winning actor Sydney Poitier, freakishly endowed actor and architecture buff Vincent Gallo, chick rocker PJ Harvey, real estate fanatic Fred Durst, and of course Little Lindsay Lohan owned a place here before her once electric career took a tumble. Your Mama imagines the struggling young ack-tur-ess (and rumored to be budding lezbeeun) wishes she held on to her 3 bedroom unit because Your Mama hears from multiple and well placed sources that she's spending what little money she has left paying someone else's mortgage by renting a house up on Ozeta Terrace.

Anyhoo, back to Mister Perry...Property records reveal that in addition to his new house in the Outpost Estates, he continues to own the 3,677 square foot ocean view house on Malee-boo's swanky Sweetwater Mesa Road that he purchased in April of 2005 for $6,550,000.

Given that Mister Perry's unit is fully renovated (or at least it appears to be) and well located on a high floor, Your Mama imagines he'll easily nab a buyer willing to pay big bucks to live in the lap of apartment luxury in West Hollywood. The question is will they pay more than $4,000,000 for the place? What do the children think?

46 comments:

eddie from pdx said...

Delux apartment in the sky...hi.

Damn it, now I've got that song stuck in my head.

4 mil seems like alot dough for a 1800 sqft apartment... since, as Mama said it, you can get a house in the hills with a pool and a patch of grass for that price.

But there is something to be said about living in a condo building, with the view, and not have to worry about the maintance of the grounds.

love the minimilist day-core though.

eddie from pdx said...

...ooops... 1600 sqft. I stand corrected.

Alessandra said...

Waaaaay too much money for the location, the amenities and the square footage. I'm not normally one to say karate-chop prices, but this one is about 25% too much.

pch said...

This place got so fashionable so quickly and -- from an investment perspective -- I'd worry about the inevitable backlash. It's like a nightclub. The kind of people who drove prices up won't think twice about abandoning it for the next big thing. I'd be wary about paying the current price of entry, let alone ponying up the cash for an ultra-premium asking price. Especially because the apartments themselves are dead average.

Anonymous said...

Location, Location, Location.

so_chic_darling said...

Excuse me while I throw a couple of chickens off the balcony.

Anonymous said...

"Waaaaay too much money for the location"

Huh? A ONE MINUTE WALK west takes you past some of LA's most expensive estates!

Anonymous said...

$4.5M for less than 1,700 sq ft and only 2 bedrooms. No thanks, I'll pass. This building or it's location has never been that impressive to me. Good luck selling, Matthew.

Viva! said...

I'd buy it just so I could live in the same building as Joan Collins (who got her 25th floor condo for$2.7 million and it wasn't a fixer)...Matthew's price seems a bit sky high.

sandpiper said...

I'd jump on 10, hang a left at the ocean and drive like the wind up PCH. Confident I'd get lucky with an ocean view south of County Line.

sandpiper said...

A right...notta left. Been a long day. :)

Anonymous said...

I'd say it's substantially overpriced for today's housing market, but L.A. and NYC are worlds unto themselves in some respects, especially with regard to celebrity real estate, so what do I know, other than I wouldn't pay that much for it.

Anonymous said...

It is a unique building so it will always command a premium.

What direction does Ms. Collins' unit face?

Viva! said...

Anonymous 1:09pm

Ms. Collins' unit faces NW with really pretty views of the mountain and the ocean. I think she gets the ocean view because her unit is so high up. She was photographed in it in HELLO! magazine in the UK. It's very 'her'...I love it.

Anonymous said...

Oh, dear, I've been laboring under a misconception. I thought Jackie Collins lived there. But it's Joan. So where does Jackie live?

Anonymous said...

I wonder what the HOA dues are. I bet this stays on the market for a while.

Anonymous said...

If I had that much money to blow on a condo I'd save it for the new project in Century City or maybe even one of the Westside Wilshire buildings. Personally I think it's an insane amount of money for the building/area.

Anonymous said...

Anonymous 1:38

Jackie Collins lives in a white, art deco style house on North Beverly Drive that she built in the 1990s. She built her house around the pool...her dogs don't have much room to run around, but they do have plenty of room to swim!

Anonymous said...

What do you mean a bad location or a half hearted locaation. If your 21 years old, have the cash and like to party you would not want any other location. Your a very short distance to all the Sunset, Melrose, Beverly Hills activity. Some say an Hermes pursue is expensive; and I'd imagine a Grace K. bag is a bit much for most but under a rock someplace someone will look past the cost. If you know anything about BH and Bel Air and want to stay close but on the fringe of late night, late night action - Sierra Towers; no better place to be. I even have a quick cruise down sunset to get to Pacific Palisade, UCLA, Brentowood.

Anonymous said...

Yeah Sierra Towers is great when you a boozed and trying to find my way home. I just try and focus my eyes and look for a tall apartment block that still puzzles me to this day why the West Hollywood city chambers approved such a horrife building to begin with.

Anonymous said...

Anon 6:02pm, hope you're reading this: A belated thank you for the info. You saved me from a possible blunder with Ms. Collins.

Anonymous said...

Better to wait for the new buildings in Century City or Beverly Hills(if you have 4.5 mil to spend). Sierra Towers is getting old and there will be constant renovation/systems updates taking place for years to come.

Anonymous said...

Better to wait for the new buildings in Century City or Beverly Hills(if you have 4.5 mil to spend). Sierra Towers is getting old and there will be constant renovation/systems updates taking place for years to come.

Linda Evans said...

I'm renting a fabulous pied-à-terre on the 29th floor while in Los Angeles working on a movie. One of the dog walkers gave me a number for Joan. She's been a decent maid but horrible at windows. Says she has to keep one hand on her walker. I'm just glad I can throw a few dollars her way to keep her out of the Actors' Fund Retirement and Nursing Home.

Anonymous said...

Linda...........you are just bitter because Joan knocked over your Bacarat vase with one of her underarm bat wings while she was dusting. she has also been smoking in the bathroom.

Anonymous said...

Linda Evans is a washed up c*nt who has to rent out her house in BHPO so that her property taxes get paid.

Anonymous said...

You are quite mistaken.......she is one of the all time great American beauties.

Linda Evans said...

Ramtha teaches us to never be bitter and to help those less fortunate. All the bitterness you saw on our hit show was acting.

I love Joan as if she were my own mother. She is very proud so I can't just give her money. She needs to feel she earned it. It took weeks to convince her she didn't need to be on her back.

Ramtha would be very sad to see the small mindedness and bitterness of some of the people here. I will light candles for you all as soon as Joan is done cleaning the wax drippings off my priceless candle holders.

Linda Evans said...

Oh..and if anyone is looking for some household help, Jackie is looking for work.

In Love, Life, & Light.

John Forsythe said...

Joan is still hot.......despite the bat wings.

Sammy Jo said...

I would like to still be hot

Anonymous said...

I thought Joan collins has a toyboy half her age. Imagine being him having to pound a bag of bones everynight, looking at that wrinkled stomach of hers.

Sierra Towers=Faulty towers

Anonymous said...

Does anyone know where lindsay lohan lives? Im sure she doesnt live on Ozeta terrace.

Anonymous said...

Just look for a crushed up Salem packet and turn over the nearest rock.

Dominique Deveraux said...

John, would that be the ones under her arms or the ones hanging from her chest?

Nicole Kidman said...

[looking under nearest rock]

Oh!...Wait...Is it?...Yes, I believe it is... Tom Cruise's career.

John Forsythe said...

No darling Dominique...........the ones under her arms are bat wings.............the ones hanging from her chest are tennis balls in socks. You beautiful bronze vixen, you.

Anonymous said...

Again, Linda Evans is a washed up c*nt who has had a sh*tload of awful plastic surgery that has reduced her to a caricature of her former self. She looks like a wax figure with bad collagen lips and would be advised to stay in Washington State among her horses.

Anonymous said...

We ignored you the first time for good reason. Go play in traffic.

Anonymous said...

yeah Linda Evans loks terrible - imagine waking up and seeing that bag of bones with a deformed faced looking at you. I think all actresses should retire at about 40 and disappear from our TV screens and let new talent come through the ranks. I bet Linda evans wears a face mask to keep everything in place.

Anonymous said...

We get it. You don't like her.

Next?

Sierra Towers CC&Rs said...

Okay. On to something more meaty. Click above for the CC&Rs for Sierra Towers. Scroll down to page 75 for the owners and units. Also includes a list of the mini-rooms on the 6th floor. Vincent Gallo has one.

-Regular reader, not your decorator

Anonymous said...

The "Old Queen's Tower" is showing her age, rising above the Land of Dorothy ever so gracefully. True, newer buildings will give you so much more, but none will ever give you the magical views of the Bird Streets at night with all the home lit up like a jeweled necklace.

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Sudipta Das
______________

business grants

Anonymous said...

The photo shown (reportedly belonging to Mr. Perry) is unit #2206. In 2003, this unit was on the market for $1.2M.

Anonymous said...

I live in Sierra Towers and can confirm that Joan Collins is nothing but a cheap old whore who wears grotesquelly soiled underwear. She also experiences anal incontinence.