New price for modernist home once owned by Frank Gehry

Dec 22, 2017

Starchitect Frank Gehry is the man behind the iconic Walt Disney concert hall, new towers on Bunker Hill, a master plan for the LA River, and this modernist home.

Built in1936, Gehry’s St. Ives Residence is located down a long gated drive, on a rare street-to-street lot in the swanky bird streets, just above the Sunset Strip.

A two-year, multi-million dollar renovation left three exterior sides wrapped in a stucco enclosure.

Inside, the architecture boasts extraordinary light and scale. Spanning multiple levels, the 3,861 square feet offers a full-floor main suite and two other bedrooms, a chef’s kitchen with adjacent dining terraces, wall-to-wall picture windows, and enviable downtown-to-ocean views.

There’s also a tempting pool and surrounding terraces that complete this modern retreat.

The current owners are Margaret Maldonado, founder of the Los Angeles-based fashion label L’Agence, the woman who put J.Lo in that unforgettable Versace dress, and her husband, Mikko Koskinen. Public records show they purchased the home for $2,395,000 in 2005.

The home most recently hit the market in February 2016 with an asking price of $6,395,000. After a near-year long stint, the house, listed by Jonah Wilson, is now asking $4,899. It’s (It’s also available for lease.)