Fred Segal Sells One House on the Market

Fred Segal Sells One House on the Market

If you don’t live in Los Angeles among all the rich and famous movie stars, you might not really know who Fred Segal is.  Well, we’re about to fill you in on a little fashion knowledge – Fred Segal is a renowned high-end clothing retailer.  He has a famous shop on Melrose in L.A.

It looks like Segal will be moving out of one his penthouses pretty soon.  He recently sold the 1,902 square foot luxury apartment for $3.3 million.  He was originally asking for almost $5 million when he listed it back in March 2010.  Segal also has another property on the market – a 6,000 square foot mansion located in Malibu.

Do you think Segal is done with the City of Angels?

For those of you interested in what the penthouse has to offer, let us give you the details!  You might be ready to move in right away!  First of all, the penthouse is located in the swanky Laguna Royale complex along the Coast Highway.  It is a one level unit that has three bedrooms, a couple of bathrooms, a wraparound deck, and a great ocean view.

Are you ready to move in yet?  If not, maybe this will help encourage you.  The 78-unit complex has a spa, gym, 24-hour guard, and a pool.  Anyone interested in leasing rather than owning could have moved in for just $11,500 per month.

Lance Grooms