Developer Embroiled in College Admissions Scandal Seeks $48 Million for L.A. Mansion

Developer Embroiled in College Admissions Scandal Seeks $48 Million for L.A. Mansion

Bob Zangrillo, the Miami-based property designer and investor known for his playboy lifestyle and participation in the highly-publicized college admissions scandal, has actually put his part-time Los Angeles house on the market for $48 million. Located in the special Bird Streets area of the Hollywood Hills, the palatial estate spans more than 1.5 acres, according to listing info, and includes a mansion with sweeping views of the entire L.A. basin.

Tax records state the 14,000 sq. ft. home was developed in 1922, though it’s plainly undergone numerous significant restorations and expansions because.

Zangrillo acquired the residential or commercial property through a rely on 2013, paying $20 million, and the Burning Guy lover thinks the estate’s worth has actually more than doubled in the seven years because. Included with the existing listing are approved dirt haul-out allows and plans for a new 30,000 sq. ft. modern substance created by South Africa-based architecture company SAOTA— it would appear Zangrillo originally looked for to destroy and replace the existing house however never navigated to completing the task.

However the existing house is totally habitable, with 6 bed rooms, 11 baths, a professional screening space, and a sumptuous kitchen with all the most recent home appliances. The estate is likewise exceptionally personal, secreted at the end of a covert cul-de-sac, and concealed behind towering gates that protect a palm-tree lined driveway.

Now in his early 50 s, Zangrillo functioned as CEO of e-commerce software application supplier InterWorld before founding private investment firm Dragon Global, through which he declares to be a considerable early investor in Facebook, Uber, and Twitter. Those rewarding tech stakes offered him the funds to end up being the biggest stakeholder in Miami’s questionable Magic City advancement

The legally-embattled entrepreneur is likewise known for luxurious Gatsby-esque parties, much of them tossed at his Hollywood Hills estate, which formerly drew in a celebrity attendees that included the Hadid family, Snoop Dogg, and the Kardashians. Besides the Hollywood substance, he also owns a waterside house in Miami that was custom-built in 2016 and designed by SAOTA.

Last year, Zangrillo pleaded not guilty to a slew of charges related to Operation University Blues, including conspiracy to devote money laundering and conspiracy to dedicate mail fraud. Prosecutors state he paid $250,000 to have his complicit child Amber Zangrillo wrongly designated as a team hire to USC, and furthermore employed an imposter to take some of Amber’s college classes for her.

James Harris of The Company and Drew Fenton of Hilton & Hyland hold the listing.

Find Out More

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top