Real Estate

Purdue Pharma scion unloads Bel-Air home at a $5.5M loss

In Los Angeles, a Bel-Air mansion at 10690 Somma Way has traded hands — raising eyebrows in the process.

Dolcedo LLC, the investment group that owned the sprawling estate for the past five years, recently sold it for a $17 million. However, this sale marked a 24% drop from the $22.5 million the group shelled out for it in 2018.

What makes this sale even more intriguing is the involvement of Purdue Pharma scion, David Sackler, in Dolcedo LLC, in which he has a non-controlling stake.

Sources told The Real Deal that the sale, which closed on Aug. 1, has put the 9,800-square-foot mansion, perched on a 4-acre parcel, firmly in the hands of Emil Khodorkovsky, the CEO of mortgage company Forbix Capital, as confirmed by property records.

Curiously, there has been no mention of any real estate agents involved in representing either the buyer or the seller in this high-profile transaction.

The estate has five bedrooms and eight bathrooms. MLS
The Bel-Air property occupies nearly 10,000 square feet. MLS

Sackler is a member of the embattled Sackler family, whose Purdue Pharma faced severe legal consequences after admitting criminal wrongdoing in misleading the public and healthcare professionals about the dangers of its drug OxyContin. According to the Centers for Disease Control and Prevention, between 1999 and 2017, nearly 645,000 people lost their lives due to opioid-related issues, encompassing both illegal substances and prescription drugs like Oxycontin.

During a heated congressional hearing in 2020, Sackler staunchly defended his family’s actions, declaring their innocence of any wrongdoing. He asserted, “The family and the board acted legally and ethically.” Sackler served on the Purdue board from 2012 to 2018.

The Post previously reported that another member of the Sackler family, Dr. Richard Sackler, the former president and board chair of Purdue Pharma, has parted ways with $30 million in property.

The property sold in August for $17 million. MLS
The home was last purchased for $22.5 million before being sold at a major loss. MLS

Built in 1987, this luxurious two-story residence boasts a slew of architectural marvels, including a spiral staircase and a fully equipped gym.

The property’s outdoor amenities include a tennis court and a lavish pool area.

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