Foreign Property News | Posted by Shwe Zin Win
After several price reductions over the last year, Hong Kong-based filmmaker John Woo has finally sold his Los Angeles home—for $5.42 million.
The house, which went on the market for $7.5 million in February 2018, sold on March 26, according to public records.
Ali Rassekhi of Coldwell Banker Residential Brokerage and Tony Yeh of Omega Realty Co. were the listing agents. Mr. Yeh also represented the buyer.
The identity of the new owner could not be immediately determined, and a call to Mr. Woo’s Los Angeles-based company, Lion Rock Productions, was not immediately returned.
Mr. Rassekhi said that Mr. Woo, bought the property, which is in the exclusive Riviera section of Pacific Palisades, because it “is very private and gated, and it’s on a high knoll that substantially elevates it above its neighbors so it captures views of the ocean and the city.”
Mr. Woo, a genius of the action-film genre, works in Hong Kong and Hollywood.
His American films include “Broken Arrow” (1996) “Face/Off” (1997) and “Mission Impossible II” (2000). In Hong Kong, his most well-known films include “A Better Tomorrow” (1986),and most recently “Red Cliff” (2009).
The 4,555-square-foot home, which has four bedrooms, five full bathrooms and one half bath, was built in 1955 and has been renovated.
Sited on about one-third of an acre enclosed by a privacy hedge, it features a guesthouse with a fireplace and a bathroom, a patio and a lap pool.
Inside, there’s a large living room with a cathedral ceiling, a dining room with access to a small terrace, a media room, a yoga studio and a master bedroom with a sitting room that features a fireplace, a pair of walk-in closets and a balcony with city and ocean views.
According to property records, Mr. Woo, who is 72, bought the property for $4 million in 2004.
In 2013, according to published reports, Mr. Woo sold a house in Brentwood, California, for $2.7 million.
Ref: Property Report
