Frank Sinatra’s Former Los Angeles Home Finds a Buyer for $5 Million
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Frank Sinatra’s former Los Angeles mid-century home, now a prime Hollywood filming spot, sold for $5 million on Tuesday.
The boxy, glass home on a promontory in Chatswood was rented by Sinatra in the 1960s and was an industry party spot and “playground” for the elite during Hollywood’s Golden Age, according to the listing. It’s since become a popular filming location, more recently setting the backdrop for multiple music videos from Miley Cyrus’s album “Endless Summer Vacation.”
Sinatra’s former address, which includes the main home on a 4-acre parcel and a 9-acre plot with a guest house, was built by mid-century master William Pereira for Chase Bank heiress Dora Hutchinson.
Besides music videos, it was featured in the long-running TV show “Mad Men” and the 2006 movie “Dreamgirls,” and hosted a Hermés launch party in 2022.
According to its listing, “every studio, every production designer and every location manager knows about this fabled property,” that generates between $750,000 and $1,200,000 annually in rentals.
The main 4-acre property listed for $12.75 million in 2022, Mansion Global previously reported .
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Last year, Rock Asset Management Trust took over the estate in a foreclosure sale for $2.1 million. “Between reliance on a single revenue stream, Covid and the [2023 Hollywood] writers’ strike, the owners were unable to service the mortgage obligations,” said the sellers’ agent, Craig Knizek at the Agency.
Rick Wolfen, president of Rock Asset Management, did not immediately respond to requests for a comment.
Previously, the main property and its neighboring parcel with the guest house—which once housed Marilyn Monroe and was reportedly a rendezvous location during her affair with John F. Kennedy—were listed together for $21.5 million.
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“While this listing has been over-priced for the past 13 years, under new ownership, it finally is ready to sell, for the right fair market value,” the most recent listing read.
Tuesday’s buyer also paid $3 million for the larger guest-house parcel that is now primed for new development, separated into 11 single-family lots.
The L-shaped Midcentury Modern house faces a classic California valley panorama. The main living space on one end connects to a stretch of outdoor lounges under a trellis lined with succulents. The trellis extends past the 50-foot pool into an indoor gym and massage room.
Knizek said that he thinks the modernist masterpiece had still been “underutilized” and that the space has even more potential. Think corporate retreats, restaurant collaborations and weddings, he said.
The buyer, who could not be identified, is “someone who appreciates the history and the architecture and appreciates the investment income opportunities,” Knizek said.
The home, with modernist accents like white tile floors, a dais in the bedroom, and wood panel walls, has four bedrooms and six bathrooms.
“I anticipate that the house gets spit and polished, to take it to a whole elevated level,” Knizek added.
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The grand harbourside residence combines sweeping Sydney Heads views, resort-style entertaining and refined designer finishes with a reported $36 million price guide.
Rising rates, construction inflation and shrinking investor confidence are pushing Australia deeper into a dangerous housing spiral that monetary policy alone cannot fix.
Office rents in Sydney, Melbourne and Brisbane are climbing at their fastest pace since the pandemic as tenants compete for premium CBD space amid tightening supply.
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Australia’s major CBD office markets are recording some of their strongest rental growth since the pandemic, with businesses increasingly prioritising premium office space despite elevated geopolitical and economic uncertainty.
Knight Frank’s Australian Office Indicators Q1 2026 report found net effective rents in Sydney and Melbourne CBDs rose at their fastest annual pace since COVID-19, increasing 10.2 per cent and 6.8 per cent respectively over the 12 months to March.
Brisbane posted the strongest growth nationally, with net effective rents climbing 11.7 per cent over the same period.
The report points to a widening divide between prime CBD office towers and secondary office stock, as occupiers increasingly focus on quality, location and workplace amenity when making leasing decisions.
Knight Frank Senior Economist, Research & Consulting Alistair Read said demand remained heavily concentrated in premium assets within core CBD precincts, helping drive stronger rental growth in top-tier buildings.
“Occupier demand continues to be heavily concentrated in the most desirable CBD precincts and the highest-quality buildings, accelerating a sharp divergence between core and non-core markets,” Mr Read said.
According to the report, Sydney’s Core precinct and Melbourne’s Eastern Core significantly outperformed broader CBD markets over the past year.
“In Sydney’s Core precinct and Melbourne’s Eastern Core, net effective rents surged 14.3% and 16.1% over the past year, significantly outperforming the rest-of-CBD precincts,” Mr Read said.
The rental gap between prime and non-prime office locations has also continued to widen sharply.
“As a result, core CBD rents are now 54% higher than non-core locations in Sydney and 93% higher in Melbourne, highlighting the growing premium placed on amenity, accessibility and workplace quality,” he said.
Knight Frank said the strong rental growth across the major CBDs was being underpinned by a limited supply pipeline, with few new office developments expected to be delivered in the near term.
Mr Read said subdued construction activity was likely to support ongoing rental growth and tighter vacancy rates over the medium term, particularly for premium office towers.
“The combination of sustained demand and declining levels of new development will aid ongoing prime rental growth and lower vacancy rates over the medium term, particularly for best-in-class assets,” he said.
The report noted that current economic conditions were making new office developments increasingly difficult to justify financially.
“Economic rents remain well above expected market rents, making the construction of new office towers largely unviable, and concentrating tenant demand into existing buildings,” Mr Read said.
While suburban office markets generally remained subdued compared with CBDs, Melbourne’s Southbank precinct was identified as a relative outperformer, recording annual net effective rental growth of 2.7 per cent.
The report comes as broader Asia-Pacific office markets continue to stabilise following several years of disruption linked to hybrid work trends, inflation and rising interest rates.
Knight Frank’s separate Asia-Pacific Q1 2026 Office Highlights report found Sydney and Brisbane were among the strongest-performing office rental markets in the region, behind only Bengaluru and Tokyo for annual prime net face rental growth.
The Asia-Pacific report also found 18 of the 24 cities monitored across the region recorded stable or increasing rents in the first quarter of 2026, even as geopolitical uncertainty intensified following escalating conflict in the Middle East.
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