Perhaps it was the sweeping ocean vistas or 70-plus feet of frontage on the sought-after Strand? Or maybe it was the enticing amenities — an infinity pool and a 15-seat movie theater, just for starters. Whatever the case, the allure was more than enough for Greg Hartmann, chairman of National Veterinary Associates and Ethos Veterinary Health, to dole out a record $19.5 million for this modern home tucked away in L.A.’s South Bay city of Hermosa Beach.
Grant deeds show the seller was Johnny Lopez, a founding partner of Beverly Hills private equity firm Platinum Equity, who with his wife Elizabeth paid $14.8 million for the beachfront retreat back in winter 2013, soon after it was completed. As first reported by The Real Deal, the off-market transaction is the priciest residential Hermosa Beach sale to date—topping the sale of another nearby home on the Strand to Oaktree Capital investment manager Robert O’Leary for $18.6 million in May.
Custom-built by local developer Demetrius Doukoullos and architect Louie Tomaro, the three-story structure features five bedrooms and eight baths in almost 7,000 square feet of living space boasting hardwood floors, stone accents, a striking floating staircase, and expansive walls of glass providing views stretching from Malibu to Catalina and Palos Verdes. There’s also an elevator and attached two-car garage.
Highlights include a spacious great room holding a living room, dining area, and gourmet kitchen outfitted with a central island, breakfast bar and high-end stainless appliances. There’s also a family room, as well as a posh master retreat offering a private balcony, sitting area with fireplace, walk-in closet, and luxe bath equipped with dual vanities, a soaking tub and double shower; and elsewhere is a basement hosting a movie theater, game room, wet bar and 1,100-bottle wine cellar.
And though the grounds are compact, spanning just over 4,000 square feet, a hot tub-equipped roof deck is the perfect spot to entertain with an outdoor kitchen, while a cozy fireside lounge has sliding glass doors opens directly to a beach-side patio sporting an infinity pool. As an added bonus: The place is just steps from the Hermosa and Manhattan Beach downtown areas and piers.