Motion picture executive Brad Kembel and his partner Jimmy Ferrareze have bought the landmark James Eads How House in Silver Lake for $1.3 million.
Designed by modern architect Rudolph Schindler in 1925, the restored and updated International Modern-style house had been priced at $4.995 million when movie producer and prolific renovator Michael LaFetra first listed it in 2008.
The 2,426-square-foot home, a Los Angeles Historic-Cultural Monument, is considered a triumph of Schindler's early career and was influenced by his apprenticeship under Frank Lloyd Wright. The hillside house is built of concrete, redwood and glass. It features built-ins, four fireplaces, four bedrooms and 21/2 bathrooms. Diagonally placed corner mitered windows anchor opposite ends of the living room. The garden was designed by Richard Neutra.
Self-described architecture buffs, Kembel is executive vice president of Summit Entertainment, a Lionsgate company, and Ferrareze owns a Brazilian boutique.
"We had been looking for an architecturally significant, and modern house, for many years," Ferrareze said. Kembel described the house as "imminently livable."
Cory Weiss of Partners Trust in Beverly Hills had the listing. Eric Schifman of Partners Trust in Brentwood represented the buyers.