EXCL: 2028 L.A. Olympics Chairman Casey Wasserman Sells Mansion for $18.5 M

The chairman of the 2028 Los Angeles Olympics,Casey Wassermanhas actually discovered a purchaser for his stretching Los Angeles estate, offering the home for $18.5 million– after numerous rate cuts.

The sports magnate, who established the sports-marketing and skill firm, Wasserman, put his acclaimed house on the marketplace for $32.5 million in September 2025, 5 years after the residential or commercial property was called the winner of the AIA Los Angeles Award for a lot of prominent architecture of 2020.

In February, after months of stopping working to draw in a purchaser, Wasserman, 52, put a large $2.6 million discount rate on the residential or commercial property, bringing the overall down to $29.9 million.

He then as soon as again reduced that cost to $24.9 million, before eventually accepting a deal of $18.5 million, Realtor.com ® can solely expose.

The excellent stack– while lies in the extremely desired Bird Streets community in the Hollywood Hills— was developed by XTEN Architects and influenced by Kubrick’s seriously well-known 2001 film, “Space Odyssey.”

Wasserman, who has an approximated net worth of $400 million, according to numerous reports, purchased the recently constructed home for $23.6 million in August 2020– 2 months after he offered a custom-made Beverly Hills estate to music executiveDavid Geffenfor $68 million.

The sale of the home comes simply months after Wasserman exposed he hasn’t thought about stepping down as the chairman following require him to resign.

L.A. Mayor Karen Bass required Wasserman to step down over ties to Jeffrey Epstein’s previous sweetheart.

Bass informed CNN “My opinion is that he should step down.”

However, in February, the L.A. 2028 organizing board encouraged Wasserman to stay.

The sports tycoon’s Hollywood Hills property, though perhaps not quite as luxurious as his former dwelling, offers plenty of perks, including a futuristic design and “jetliner views” as well as many high-end amenities, from a professional theater to a private dance studio.

“Set on a promontory on the most prime cul-de-sac in the Bird Streets,” as per the listing, the five-bedroom, seven-bathroom property is filled with unique works of art that can be seen in almost every room.

A funky installation on one wall reads, “More, Faster, Now”—perhaps a mantra that many Olympic athletes will repeat to themselves when the Games roll around, while the kitchen has been filled with colorful jugs to add some intrigue to its otherwise black-and-white palette.

Among its multiple bedrooms is a spectacular primary suite that boasts a moody monochromatic aesthetic, complete dark walls that are offset by a wall of glass that floods the space with light and provides beautiful views of the surrounding area.

The primary bedroom leads into “double closets and big spa-like restroom with steam shower and soaking tub,” the listing notes.

Glass occupies several walls of the property, which takes full advantage of its hillside perch, while an infinity pool provides the perfect outdoor spot to enjoy the dramatic vistas.

“Get in through a personal yard into high ceilings instilled with natural light, walls of glass and polished terrazzo floorings,” the description continues.

Expansive living spaces fill the main floor of the residence, including a stunning sitting room with a retractable glass wall that opens the area to another outdoor seating space.

The open-plan kitchen, meanwhile, features ample room to entertain plenty of guests, featuring both a breakfast bar and a dining area.

An office space and private gym round out the 12,000-square-foot indoor living areas—however, the property also boasts a very impressive underground feature: an eight-car, subterranean “display garage,” suitable for anybody searching for an area to protect a collection of expensive automobiles.

Not pointed out in the home’s brand-new listing, the description that was released when Wasserman acquired the home kept in mind that the home includes unique “Space Odyssey”-inspired ceilings that cost “over $1 million,” in addition to glowing heated floorings inside and out.

Wasserman bought the home simply a couple of months before he and his partner,Laura Ziffren Wassermanrevealed they were ending their marital relationship of more than 20 years.

It’s uncertain why Wasserman has actually chosen to offer such an amazing home, it is not the very first time that he has actually parted methods with an architectural work of art of such significance.

In June 2020, the home entertainment executive unloaded an amazing custom-built Beverly Hills estate that he had actually built on an estate when coming from his gradfather, late home entertainment magnateLew Wassermanwho captivated the similarityAlfred HitchcockandSidney Poitierinside the home.

After his grandparents’ passed away, Wasserman razed their residential or commercial property to give way for a distinctive home created by renowned designerRichard Meier

In a quote to give way for the 18,000-square-foot estate, Wasserman likewise bought the residential or commercial property next door, which as soon as came from music legendFrank Sinatra

The completed outcome, referred to as the Foothill Estate, was finished in 2016 and included a range of remarkable features, consisting of a screening space, an art studio, and personnel quarters– along with 3 acres.

Wasserman initially made a relocation to unload that home in October 2018, when the Wall Street Journalreported that he was noting the home for a shocking $ 125 million. Had it cost that rate, the estate would have been the most costly home to ever trade hands in Los Angeles.

The sports magnate’s quote for splendor in the genuine estate market was not to be– and after a number of rate drops, he lastly offered the house to Geffen for nearly half that rate 2 years later on.

Despite whether Wasserman prepares to build a brand-new home for himself, he definitely has his hands complete with guaranteeing that Los Angeles is prepared to enter time for the 2028 Games.

Previously this year, the LA28 chairman offered some insight into the work needed to get ready for such a prominent occasion, informing The Hollywood Reporterthat, while the city was currently home to a number of existing areas and arenas that can be utilized throughout the Games, the production of other momentary areas was going to need a large quantity of time– and cash.

“We’re not developing anything, however we’ll have lots of momentary building,” he stated. “Our short-lived building and construction invest in the previous 4 months will make us the biggest building task in the history of America.”