After nearly three years of on-and-off activity in the luxury housing market, 1301 Collingwood Place, a mansion in the Bird Street enclave of Los Angeles, sold for $38 million.

Kipp Nelson, a partner at private equity firm Long Arc Capital, is the seller of 1301 Collingwood Place. He built the mansion in 2018. Branden and Rayni Williams of Beverly Hills represented him at the auction.

The buyer is unknown. The buyers are represented by Jack Harris and Michael Fahimian, both 24, who joined the Beverly Hills estate in February.

The 16,000-square-foot home overlooking Sunset Boulevard is one of the more expensive recent listings on Bird Street, where LVMH Chairman Bernard Arnault owns a property. It is second only to the September 2022 sale of 9137 Cordell Avenue for $70 million. Additionally, a neighboring home at 1305 Collingwood sold in 2021 for $21 million.

1301 Collingwood underwent several price reductions during the sale. It listed for about $55 million in 2020, according to listing website Zillow. In July 2022, it relisted for $48 million, 22% below the asking price.

The three-story, five-bedroom, nine-bathroom home was designed by Seattle-based architecture firm Olson Kundig, which also designed the conversion of the luxury condo tower at 8899 Beverly Boulevard in West Hollywood. 1301 Collingwood sits on more than half an acre and its amenities include a 15-car auto showroom, a spa, a swimming pool and gardens with olive trees.

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