From one billionaire to another, it appears the founders of Oaktree Capital prefer to trade real estate amongst one another.
The Real Deal first reported that Oaktree o-founder Howard Marks has sold his Mapleton Drive mansion to fellow co-founder Bruce Karsh for $29.5 million.
The nine bedroom/nine bathroom home, located down the street from the Playboy Mansion, is a gated classic traditional estate, surrounded by mature hedges. The first floor has a formal two-story entry with a grand staircase, parlor, formal living and dining room, sunken media room, custom metal wrapped bar with onyx counters, and a private office featuring an ivory crocodile ceiling and black lacquered cabinetry.
Two formal powder rooms and a spacious gourmet kitchen with breakfast and family room complete the first floor. French doors surround this classic design and open up to the expansive park-like grounds with a pool, spa, two bedroom guesthouse and separate two bedroom staff quarters.
On the second floor, there is an impressive primary suite with an enormous balcony overlooking the backyard and four additional bedrooms.
The property last sold in 2020 for $26,150,000.