Monday, August 20, 2012

Monday Mish Mash: Rob Dyrdek

Professional skateboarder turned reality tee-vee star Rob Dyrdek seems to have developed a dinero-draining real estate habit of buying multi-million dollar houses in Los Angeles, CA and listing them several years later for considerably less than he paid.

listing photos: Prudential California / Beverly Hills 

In June 2005 Mister Dyrdek dropped $1,400,000 on a 2,792 square foot multi-story contemporary crib set into a steep hillside in a low-key neck the Hollywood Hills known as The Hollywood Knolls. The long-legged gal at Trulia Luxe Living reported the boxy, glassy and airy three bedroom and 3.5 bathroom residence (above) served as a backdrop for the first of Mister Dyrdek's several reality tee-vee programs (Rob & Big, Roby Dyrdek's Fantasy Factory and Ridiculousness), but we can't vouch for that since neither Your Mama nor The Dr. Cooter have neither heard of nor seen any of Mister Dyrdek's programs.

The prolific setter of Guinness world records—he has more than 20 to date—first and unsuccessfully attempted to unload his nest in The Knolls back in 2008 and early 2009 (at an unknown asking price). He recently re-listed the canyon view house with a $1,249,000 price tag.

A few quick flicks of the well-worn beads on Your Mama's bejeweled abacus shows that even with a (not entirely unlikely) full-price sale Mister D. will lose $151,000, not counting renovations and/or improvements, maintenance, upkeep and carrying costs, and, let's not forget, the real estate fees.

listing photos: Prudential California / Beverly Hills

In May 2008, just before his first failed attempt to sell his house in The Knolls, Mister Dyrdek splashed out $2,459,000 for a 4,706 square foot residence in the affluent Mount Olympus neighborhood, a upscale mountaintop enclave above Hollywood known in L.A. real estate circles to be popular with wealthy foreigners, specifically, for some reason, Russians.

Mister Dyrdek first put the five bedroom and five bathroom Mount Olympus concrete-faced contemporary abode that looks more than little like modern-minded prison on the market in May 2012 with an asking price of $2,599,000. By mid-July the price had dipped to $2,399,000. The property was briefly in escrow in early August (2012) but the house is officially back on the market, again with the $2,399,000 asking price. A mathematics degree isn't required to see that's $200,000 less than he paid four years ago, not counting renovations and/or improvements, maintenance, upkeep and carrying costs, and real estate fees.

It's clear Mister Dyrdek wants to sell. He's willing, after all, to endure a combined, pocketbook punishing $351,000 loss on the two houses. However, lest any of the children feel the need to jump to any ugly conclusions about Mister Dyrdek's bank accounts, keep in mind his financial situation would appear to be healthy enough that he did not need to shed either of the above houses from his property portfolio in order to acquire his next.

listing photos: Dream Home Photos for Coldwell Banker / Sunset Boulevard

In June of this year, as first reported more than a month ago by the long-legged gal at Trulia Luxe Living, Mister Dyrdek dumped another $2,500,000 to acquire a third residence in Los Angeles, this one located just below Mulholland Drive not so far from the tippy-top of Lauren Canyon.

Listing information shows the fully renovated and modernized two story residence has four bedrooms and 3.5 bathrooms in 3,733 square feet of interior space that also includes high pitched ceilings, a stacked stone fireplace, and clerestory windows. High quality finishes includes Brazilian walnut and Flannel Limestone floors, energy efficient windows, walnut cabinetry and marble counter tops in the kitchen, and swankety-swank Ann Sacks and Walker Zanger tile work.

In addition to a trellis-shaded outdoor kitchen and lounge, outdoor entertainment spaces include multi-level concrete and tile terraces, a dramatically under-lit built-in bar and a seating area grouped around a portable fire pit with glimmery, over-the-hedge views of the lights of the sprawling San Fernando Valley.

Only time will tell how long before Mister Dyrdek will start to feel itchy footed. Your Mama isn't making a prediction but if his real estate history repeats itself Mister Dyrdek may (or may not) very well have his new house back on the market in a few years with an asking price well below the two-point-five he paid. We shall see, butter beans, we shall see.


Anonymous said...

Easy come, easy go. Up to a point.

Anonymous said...

"A few quick flicks of the well-worn beads on Your Mama's bejeweled abacus"

The best part of the writing on this site is that it never gets old!

I wish Google Translate could filter out the stupid shit like that, "tee-vee" "poopers" and the rest of the "charming" writing on this otherwise-informative and entertaining site.

Anonymous said...

He makes it on the fee's the production co. pays to film the show there. I'm sure he's ahead $$$ wise

FalseProfit said...
This comment has been removed by the author.
KingPin Wichita said...

Anon i believe google has a translate feature called 'widdle baby Andy' from "The Office" that might help with the annoying preten-smoosh wayzee of scribbling.

Anonymous said...

Mr. Dyrdek is actually rolling in the dough. In addition to his (seemingly endless) reality TV empire, he also founded the immensely popular DC clothing and shoe brand which I believe he sold for something like 50 or 100 million "dineros..."

FalseProfit said...

Anonymous, I call BS. Dydrek didn't found DC, but is only sponsored by them (although he has designed some of their shoes). He never sold that company for any amount of money. It's not his.

Anonymous said...

DC Shoes was never owned by Rob. He was simply part of the branding and a sponsored skater when they merged from Droors clothing to DC shoes. He does have a couple designs and shoes under DC though.

I believe DC sold to Quilsilver a few years ago for somewhere around $200mil, Rob was not a part of that transaction.

Anonymous said...

Uh yeah, Dyrdek never owned DC clothing as far as I know. He has done well on capitalizing on mediocre looks and talent as a skateboarder. Big Black made him and I don't think he took care of him right and when the big guy left, so did Rob's fame and success on TV.

Anonymous said...

Rob did own a small % of DC that was given to him a while ago by Ken Block the founder of DC. When DC sold to Quiksilver, they all cashed out, but still are a big part of the company. Rob's business ventures are quite large and he owns several companies that only people involved in action sports would know about. In other words, he's got plenty of money.

Anonymous said...

rob's money doesn't come from DC. he somehow got an MTV deal paying way above his ratings, other than that, the street league/skate park thing is his cash cow.