The mansion at 1410 Tanager Way sold this week with a familiar name among the upscale real estate attached to the deal — Hankey Capital.
The company’s chairman, Don Hankey, is the biggest creditor of The One, the ill-fated mansion in Bel-Air, which sold for $141 million at auction in 2022. Forbes gives Hankey a net worth of $7.2 billion, most of which comes from subprime auto loans.
Hankey Capital acquired 1410 Tanager Way in Los Angeles’ Bird Street neighborhood in foreclosure in 2019. It sold on June 12 for $25 million.
Tyrone McKillen, principal of Plus Real Estate at Official, is acting as joint listing agent along with Branden and Rayni Williams of Beverly Hills Estates. Michael Chen of AKG Christie’s International Real Estate represented the buyer. The identity of the buyer was not disclosed.
The 14,000-square-foot home at 1410 Tanager Way is selling for $1,786 per square foot. The mansion is about a mile from 1301 Collingwood Place, another Bird Street mansion that sold on June 13 for $37 million.
1410 Tanager Way was last listed in February, when sprint began listing luxury transactions ahead of the April 1 deadline before the ULA transfer took effect.
McKillen said the two big-ticket deals in Bird Streets proved that after the ULA, the big-ticket deals continued.
“There were condor offers all over the place,” McKillen said of three offers asking for discounts before the ULA deadline. “But the sellers were very well capitalized and didn’t fall for it.”
Completed in 2022, this three-story home at 1410 Tanager Way sits on over a half-acre with pool, spa, gym, yoga area, fire pit, and landscaped relaxation deck.
“This is a home designed for entertaining,” McKellen said. “We see our buyers as singles or couples interested in entertaining.”