Print
Media executive Chris Albrecht, who’s led both HBO and Starz during his four decades in the industry, just sold his Pacific Palisades retreat for $16.25 million good for the third-priciest transaction in the coastal community this year.
The sale wraps up a year-long effort that saw Albrecht first list the home at $18 million in 2020. He still eked out a small profit compared to the $16 million he paid for the property when it was newly built in 2017, records show.
The stately, East Coast-inspired traditional sits on half an acre in the Riviera neighborhood. Hedges and black shutters break up the whitewashed brick exterior, and inside, white walls mix with wide-plank wood floors in the sunny living spaces.
Los Angeles | $3.495 Million
A 1935 Tudor Revival house with four bedrooms and four and a half bathrooms, on a 0.7-acre lot
This house, a few blocks south of Mulholland Drive in Laurel Canyon, was designed by Paul R. Williams, the first African-American member of the American Institute of Architects. Mr. Williams designed residences in Los Angeles for Frank Sinatra, Lucille Ball and other celebrities, as well as one of the first federally funded public housing complexes, in Washington, D.C.
Studio City is about 10 minutes away by car; the Sunset Strip is about the same distance.
Size: 3,741 square feet
Price per square foot: $934