Alon Abady trades Beverly Hills mansion for $24M

An LLC managed by commercial real estate investor Alon Abady of Waterfall Bridge Capital has traded the mansion at 910 North Alpine Drive in Beverly Hills for $24 million, or $2,315 per square foot, according to public records.

The buyer got the mansion at a steep discount of about 31 percent off the home’s original listing price, according to public records. In January 2023, it listed for $35 million and spent the last year on and off the market. 

The buyer is a group of LLCs which purchased the home in a tenants-in-common deal. The Delaware-based entities share the same moniker of Vinter Ramca. The LLC named Vinter Ramca II got a 48 percent interest in the house, while Vinter Ramca I got a 26.2 percent interest and Vinter Ramca got a 26.8 percent interest.  

The identity of the agents handling the deal was unclear. Drew Fenton of Carolwood Estates had listed the mansion in the past. 

The 10,000-square-foot home at 910 North Alpine is one of a handful of ultraluxe Beverly Hills properties that sold in the past four weeks., according to a Zillow search. The 12,000-square-foot mansion at 1130 Carolyn Way sold for $18.5 million on Jan. 17, and a six-bedroom, three-bath home at 631 North Crescent Drive traded for $23.5 million on Dec. 29.

Abady has experience with luxury mansions, but his biggest deals are commercial. He paid a reported $35 million in March 2023  for 9911 West Pico Boulevard, a 15-story Century City office building. Abady planned to redevelop the 250,000-square-foot building, according to an announcement from Kevin Shannon of Newmark, who represented the sellers group led by Blackstone. The deal was penned shortly before the Measure ULA wealth transfer tax went into effect.

In 2021, Abady spent $96 million to purchase the Sofitel Hotel in Beverly Hills. He also sold a mansion at 661 Doheny Drive in Beverly Hills for $23 million in October 2022. 

Abady did not reply to a call requesting comment.

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