Paul Marciano picks up a designer-dressed condominium in West Hollywood
Paul Marciano, cofounder of the Guess clothing brand, has bought a condominium in West Hollywood for $1.36 million. He made the purchase through a corporate entity, records show.
Found within a remodeled 14-story building, the two-bedroom, three-bathroom unit features such details as raised ceilings finished in raw concrete, brushed wood floors and exposed cement beams. Fleetwood doors, which lead to a private balcony, take in unobstructed city views.
A custom granite wall surrounds the fireplace and television in the living room. Italian marble lines the breakfast bar in the kitchen, which is equipped with stainless-steel appliances. The common area and master bedroom feature designer grasscloth wallpaper.
At 1,679 square feet, it is the largest condo in the building. Two covered parking spaces were included with the unit.
The condo last sold five years ago for $725,000, records show.
Chris Jacobs of Keller Williams Realty-Beverly Hills represented both the buyer and seller, according to the Multiple Listing Service.
Marciano co-founded the denim powerhouse Guess Jeans with his brothers in 1981. He stepped down from his position as chief executive of the fashion firm three years ago.
Last year the Moroccan-born fashion executive sold his estate in Beverly Hills for $18.25 million in a deal completed off-market.
Twitter: @LATHotProperty
MORE FROM HOT PROPERTY:
Suzanne Somers’ Palm Springs compound, once listed for $35 million, to be auctioned
Another year, another price point for comedian and actor Russell Peters
NBA forward Solomon Hill scores a fresh contemporary on the Westside
Four $24-million-and-up home sales capped off L.A.’s luxury market in December
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
