Billionaire investor and film producer Gary Magness and his wife, director-producer Sarah Siegel-Magness, have bought a home in the Bird Streets area of Hollywood Hills West for $6.875 million.
The seller was musician Keith "Lucky" Lehrer, drummer for such punk bands as the Circle Jerks, Bad Religion and Wasted Youth.
Originally built in 1967, the multilevel contemporary was renovated by AUX Architects during Lehrer’s ownership and features a music studio, a yoga room and a swimming pool with a raised spa.
White-walled interiors include an open-plan living room with a fireplace, a formal dining room, a chef’s kitchen and an office/den. Retractable glass doors and floor-to-ceiling windows bring city views inside.
The master suite features a glass-enclosed shower, a soaking tub and glass doors that open to a terrace balcony. A total of four bedrooms and five bathrooms are within roughly 4,200 square feet of space.
Lehrer bought the house six years ago for $3.2 million, public records show. It was most recently listed for sale at $6.995 million.
Josh and Matthew Altman of Douglas Elliman were the listing agents. Josh Flagg of Rodeo Realty repped the buyers in the sale.
Magness is the son of Bob Magness, who founded the cable giant Tele-Communications. He and his wife founded Smokewood Entertainment in 2007.
Among their production credits is the Oscar-winning film “Precious” (2009). Siegel-Magness also directed the 2013 romantic comedy “Crazy Kind of Love.”