Did he even get a chance to move in? After only seven months of ownership, the flamboyant Los Angeles mansion of Pakistani-born businessman Mohammad Qazi has popped back up for sale, with a heavyweight price tag of $38 million. If the Michigan-based nursing home mogul does indeed receive a full-price offer, he will net an almost $12 million profit on the two-story residence, which he acquired last summer for $26 million from financially distressed real estate developer Nile Niami.
Tucked away down a lengthy gated driveway, on a nearly half-acre parcel set high above the bustling Sunset Strip, the ultra-contemporary structure was built on spec by Niami in 2018 and designed by his frequent architectural collaborator Paul McClean. Once inside, six bedrooms and 10 baths are sprawled across a whopping 14,000 square feet of living space punctuated throughout with Italian Sahara stone floors, soaring 30-foot ceilings and copious Las Vegas-style backlighting.
Expansive walls of glass spanning the entire rear of the property provide sweeping city lights and skyline views; and glitzy amenities include a cryochamber-equipped wellness spa, hot-yoga room, movie theater, wine cellar and entertainment lounge decked out with a wet bar, plus an eye-catching double-decker, glass-bottom pool.
Among the other highlights: a spacious living room boasting an impressively scaled linear fireplace that connects on its opposite side to a formal dining area. There’s also a sleekly designed kitchen outfitted with top-tier appliances and a spacious eat-in island, which is flanked on one end by a family room and an executive office lined with built-in bookshelves on the other.
Qazi, 59, owns a successful Michigan-based chain of nursing homes. His Ciena Healthcare is the largest nursing home operator in the state, and the firm also runs a handful of nursing homes in Connecticut. His primary residence is a custom-built, 20,000-square-foot mansion sited on 7 acres in affluent West Bloomfield suburb of Detroit.
The listing is held by Camellia Yeroomian of The Agency and Chase Rogers of Douglas Elliman.
