Paul Marciano Purchased Bird Streets Estate for $18.5 Million

The luxury Los Angeles property transaction set a neighborhood price record for 2026.

Updated on Sept. 18, 2026 in Residential

Bold vector editorial illustration of a modern luxury hillside home with terraced levels and a minimalist pool overlooking a canyon. — Paul Marciano acquired a luxury Bird Streets estate in Los Angeles for $18.5 million, marking the neighborhood's highest residential sale of 2026. AI Illustration. Upload story photo >

Live Poll

Is now a good time to invest in high-end real estate?

Paul Marciano has acquired a high-end estate at 9265 Robin Drive in the Bird Streets neighborhood of Los Angeles for $18.5 million. The deal marks the highest sale price recorded in the area during 2026.

Why it matters

The sale highlights significant market movement in the Hollywood Hills luxury segment, where properties previously purchased at higher valuations are seeing price adjustments. This transaction underscores shifting price dynamics for elite real estate in Los Angeles.

The home is priced at $1,655 per square foot and includes five bedrooms, seven bathrooms, and an eight-car subterranean garage. The site sits on over half an acre and features amenities such as a gym, theater, dance studio, and an infinity pool.

The players

Paul Marciano

He is the buyer who acquired the property through an affiliated limited liability company.

Casey Wasserman

He is a prominent entertainment executive who previously owned the estate.

Kurt Rappaport

He is a high-profile real estate broker who served as the listing agent for the home.

Cooper Mount

He is the real estate representative who acted on behalf of the buyer.

The details

A limited liability company managed by Marciano acquired the deed to the property. Kurt Rappaport handled the listing, while Cooper Mount represented the buyer in the transaction.

Casey Wasserman purchased the property for $23.6 million in 2020.
The home was listed with an asking price of $32.5 million in September 2025.
The property went into contract in late August 2026.
The final sale closed on September 18, 2026.

Culture Shift

This sale reflects a cooling trend in high-end Los Angeles real estate as buyers and sellers grapple with revised valuations for premier estates. It signals a move away from the aggressive price growth seen in the early 2020s within exclusive enclave neighborhoods.

For local buyers, this sale provides a clear benchmark for pricing in the highly competitive Bird Streets corridor. It highlights that even marquee properties are currently subject to significant value resets when compared to peak market pricing from previous years.

The takeaway

Prospective luxury buyers in Los Angeles should note that current market conditions may allow for acquisitions at prices below original capital investments. Assessing the recent transaction history of comparable estates is an essential step before entering contract on high-end property.