Miami-based Mexican banking and hospitality heir Moisés Cosío Espinosa has hung a $6.6 million price tag on his celeb-pedigreed Los Angeles home. Tucked into discreet, historic, and gated Laughlin Park, one of L.A.’s most thickly celebrified enclaves, where other homeowners include Angelina Jolie, Ellen Pompeo and Kristen Stewart, the contemporary home was acquired by the businessman, philanthropist, and art house film producer in late 2017 for $4.2 million from British pop singer Natasha Bedingfield.
Cosío came by his money the old-fashioned way, he inherited it. Both of his grandfathers were prominent bankers prior to nationalization in 1982 — one of them was considered the richest man in Mexico in the 1970s, and his hotelier father, who passed unexpectedly when Cosío was just 14, left him a fortune estimated in various media outlets from a few hundred million to nearly three-quarters of a billion dollars. He’s recently been tangled up in a series of lawsuits that allege the financial advisors he assigned two decades ago to oversee his fortune defrauded him while enriching themselves.
Now in his late 30s, and married in 2016 to Paty Guitiérrez, Cosío has amassed a collection of contemporary artworks, co-owns the Capitanes, Mexico City’s pro basketball team, and produced a couple dozen independent films for a who’s who of international auteurs including Atom Egoyan (“Remember”), Alejandro Jodorowsky (“The Dance of Reality”), and Alonso Ruizpalacios (“Museo”). Like most ultra-wealthy individuals, he’s also accumulated an impressive property portfolio that includes (but is far from limited to) substantial holdings across Mexico, a 59-story landmarked Art Deco tower in Midtown Manhattan, and the home in Los Angeles that he’d now like to sell.
Set on a street-to-street lot that spans almost one-third of an acre, the three-story 1950s residence in has been thoroughly updated with top-end materials and all manner of modern conveniences. Glistening white tiles run throughout the main floor, while medium-brown hardwoods warm up the rooms on the lower two levels.
A gated courtyard entrance provides a sense of privacy and security, and the home’s light-filled open-plan great room includes a combination living and dining space that spills out to a balcony with an over-the-rooftops view of Griffith Park and its iconic observatory. Open to the the great room, the recently renovated gourmet kitchen sports clean-lined dove-grey cabinets, snow-white counters and a center island with integrated snack bar. Other highlights include a study/office, a family room with fireplace, and a cozy home theater with an adjoining bar/lounge area. Guest bedrooms are ample and placed throughout the house, while the top-floor primary suite encompasses a sitting area, a walk-in closet, and a steam shower.
Several glass-railed balconies overlook the terraced backyard that’s arranged around a sparkling swimming pool and spa. Next to the pool, atop detached three-car garage accessed by a gated motor court, is a studio-style guest house with bath.
The property is jointly represented by Maria De Luna of Koch Properties and Chris Grillo at Compass.