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Chart-topping developer snaps up Holmby Hills estate for $12 million

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Gala Asher has found his next project.

The Los Angeles-based developer, who last year sold an estate in Holmby Hills for a record $100 million, has bought another home in the area for $11.999 million.

The boomerang-shaped mid-century house, built in the 1950s, has five bedrooms, five fireplaces and 6.5 bathrooms in nearly 6,000 square feet of interior space. Common rooms include formal living and dining rooms, a family room with a wet bar and an office den. The kitchen, complete with honed limestone countertops and farmhouse sinks, has a west-facing view of the yard.

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Lush landscaping surrounds the swimming pool and pool house in the backyard. Gravel pathways wind through a rose garden, lawn and mature trees. Elsewhere is a detached garage.

The property, set on about an acre of grounds, sold for $4,000 over the asking price of $11.995 million, records show.

Antony Arkel of Rodeo Realty was the listing agent. Ginger Glass of Coldwell Banker Residential Brokerage represented the buyer.

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Gala made headlines last October when an estate he developed on Carolwood Drive sold to billionaire and investor Tom Gores for $100 million. The multi-property deal, which saw Gores trade a number of his own real estate holdings for the spec mansion, is tied with the Playboy Mansion sale for the most-expensive single-family home sale in Los Angeles County.

neal.leitereg@latimes.com

Twitter: @LATHotProperty

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