*Richard Saghian, owner of the online fashion outlet Fashion Nova, has reportedly copped a mega-mansion in Los Angeles worth $141 million.
The 105,000-square-foot house on a Bel-Air hilltop – also known as “The One,” is the largest home in LA, the Los Angeles Times reports.
“The One Bel-Air is a once-in-a-lifetime property that can never be duplicated. There is nothing else like it. As a lifelong Angeleno and avid collector of real estate, I recognized this as a rare opportunity that also lets me own a unique property that is destined to be a part of Los Angeles history,” Saghian said Sunday in an emailed statement.
READ MORE: Megan Thee Stallion Slams Allegations of Stolen Designs with Fashion Nova Collection
The mystery buyer of “The One” mega-mansion for $141 million is Fashion Nova Founder and CEO Richard Saghian, saying he is “an avid collector of real-estate.”https://t.co/d3JpmRj0gY pic.twitter.com/ovMmMamdgX
— Robert Frank (@robtfrank) March 7, 2022
Here’s more from the LA Times report:
Saghian, 40, owns two other homes in Southern California, including a Malibu beach house that he purchased from Netflix CEO Ted Sarandos last year for $14.7 million. He also owns a home in the so-called Bird Streets of the Hollywood Hills that he bought for $17.5 million in 2018. It was at that property where armed robbers in June followed Saghian’s Rolls Royce home and demanded jewelry and other valuables from his friends. Saghian, who had already gone inside, was not injured. All the suspects were caught and one killed by an armed guard.
Saghian winning bid for the home “was less than half the property’s $295-million list price,” per the report.
“It’s an incredible deal,” said Branden Williams, who listed the home with his partner, Rayni Williams, and Aaron Kirman of Compass. “No one understands until they get up there. A house like this will never be built again. Whenever it sells again, it will be for even more.”
A 105,000 sf Bel Air Mansion called “The One” will be going to auction in February and is currently listed at $295 million. It has 21 bedrooms, 49 baths!! It also includes a 10k bottle wine cellar, 30 car garage, night club, bowling alley and putting green pic.twitter.com/a9fGxPCAkT
— Zillow Gone Wild ???? (@zillowgonewild) January 18, 2022
The One boasts the following amenities: “a sky deck with cabanas, multiple pools, a private theater, a bowling alley, a billiard room, a candy room, salon and spa as well as a nightclub. It has 21 bedrooms and 42 full bathrooms,” per the Los Angeles Times.
Orange County architect Paul McClean, who designed Saghian’s Hollywood Hills home, also designed this ultra-modern marble-and-glass home.
We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!
