After more than 18 months on the market, R&B musician Abel Tesfaye, better known as the Weeknd, sold his Los Angeles penthouse for $19 million.
The apartment, located on the full 18th floor of the 22-story Beverly West in Westwood, was put up for sale by the 33-year-old Canadian singer-songwriter in January 2022 for $22 million. Listing agent Angel Salvador of Beverly Hills Estates said last week that the total transaction price was $21 million, including $18 million for the house and $1 million for the furnishings. That implies the Weeknd lost at least $2 million on the sale.
Nearly four years ago, he spent $21 million to buy the penthouse.
The four-time Grammy winner has established himself as a leader in the dark R&B genre with hits like “Wicked Games” and “Die For You.” He just wrapped up his gigs in Europe last week, and in late September he’ll begin a string of dates around Latin America.
According to Robb Report, the purchasers were Drs. David and Andrea Feinberg, formerly the president and CEO of the UCLA Health System and the current president and CEO of Oracle Health. Mansion Global was unable to verify the purchasers’ identities without their cooperation.
The description states that the 7,950-square-foot home features a great room that spans the width of the apartment and has balconies on both ends as well as a wet bar. It also boasts panoramic views of the city and the Pacific Ocean.
Listing photographs suggest that the penthouse has four bedrooms, including a master suite with two sinks, a steam shower, and a soaking tub overlooking the country club. The main bedroom has an auxiliary room that serves as a gym at the moment.
The description also boasts of a “state-of-the-art chef’s kitchen” and a “entertainment bar with a stunning TV wall” consisting of four 65-inch screens. He has “represented Abel on all of his real estate transactions in Los Angeles, both on the buying and selling side,” as Salvador said in an email.
Among these is a Bel Air home measuring 33,000 square feet that he purchased for $70 million in August 2021, making it one of the city’s largest real estate transactions of that year, as reported by The Wall Street Journal. According to the New York Post, he also parted with his 12,500 square foot Hidden Hills mansion to Madonna in April 2021 for $19.3 million.