Just as Fast & Furious 10 is starting to film this month, its Taiwanese-born American film director, Justin Lin, has put his historic Downtown Los Angeles penthouse on the market, located in the thriving LA Arts District. Originally constructed in 1925 as the West Coast headquarters of Nabisco, it was converted to a live/work community in 2007. For the last few years, Lin has used the penthouse as an office for his production company, Perfect Storm Entertainment, with residence above. It is now for sale at $7 million.
Large in scale and with 360-degree views from its rooftop terrace, Lin’s home spans three levels, including the 7th through 9th floors, has wide open volumes with open stairs working their way to the top level. The same year the building was converted, it was declared a Historic-Cultural Monument. Currently offering two bedrooms and three baths, much of the space can be utilized in different ways with creative vision. There are 4,300 square feet of interior space and an additional 3,600 square feet of outdoor terrace space that can be used for anything from entertaining, a half-basketball court, and even a hot tub. The second floor houses the main living spaces and kitchen, while the entire third floor is dedicated to the owner’s suite. Office or creative space can reside on its first floor. The building is extremely private with an around-the-clock concierge, a swimming pool, and the tax-saving Mills Act.
There has been a recent resurgence for LA’s Downtown and Arts District with a new Whole Foods, new indie restaurants, three just-launched breweries, art galleries, boutiques, and the revitalized Grand Central Market. The members-only Soho Warehouse opened there in 2019 with a hotel, gym, and two restaurants directed at LA’s creative crowd. A group of savvy celebrities also have their eye on the neighborhood such as Johnny Depp who owns several condos in the area.
The listing agents are Justin Alexander and Tab Howard of the Alexander Group, Compass, Los Angeles, and Jimmy Lin of One True Loan, Los Angeles.
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