Veteran entertainment executive and film producer Donald De Line sold a soigné French Regency-style home of almost 7,500 square feet in L.A.’s hoity-toity Hancock Park neighborhood almost exactly a year ago, for almost $9.2 million to “Chicago Fire” creator Derek Haas. It wasn’t until now, however, per tax records, that he’s picked up a sophisticated (and substantially smaller) mid-floor condo at the celebrated and celeb-favored Sierra Towers complex at the western end of the Sunset Strip near the tony border between West Hollywood and Beverly Hills.
De Line, who formed De Line Productions in the late 1990s, has had his professional hands in past films that include “The Italian Job” (2003), “Burlesque” (2010), and “Green Lantern” (2011), while his current slate of projects includes Amazon’s upcoming feature film “Don’t Make Me Go” and the Epix series “Billy the Kid.”
Sold by PIMCO Funds Managing Director Ernest Schmider, who more than doubled his money on the condo he bought in 2012 for $2.1 million, the glass-walled aerie occupies a high-floor corner of the 31-story tower that is easily 15-stories taller than any other building for a couple miles around. The two-bedroom and two-bath unit, which measures just a bit more than 2,300 square feet, showcases five-star materials, bespoke craftsmanship and crisply tailored luxury with sweeping views to the north and west.
Designed by midcentury architect Jack A. Charney and completed in 1965, Sierra Towers has long attracted showbiz movers and shakers and other high-net worth individuals looking for a convenient, fully staffed perch in the center of Los Angeles. Residents’ hefty fees — the De Line unit traded with HOAs of nearly $3,400 a month — provide a laundry list of white-glove services and amenities: 24-hour valet parking, a secured and staffed lobby with concierge services, banquet facilities, a gym with sauna, and a rooftop swimming pool and sundeck.
