The only full-floor residence at Sierra Towers has come to market at $39.5 million, a figure that would surpass the current Los Angeles condominium record of $39.2 million, set in 2025 when former nail-polish executive Miriam Schaeffer sold her unit at The Century.
The sellers, Chicago-based philanthropists Dan Fischel, former dean of the University of Chicago Law School, and his wife Sylvia Neil, acquired the unfinished penthouse at auction in 2021 for $17.5 million from prior owner Evan Metropoulos of the Hostess Brands family. The couple retained New York firm Workshop/APD for a renovation that spanned approximately five years. The unit has never been occupied.
The completed residence encompasses roughly 7,365 square feet of interior space across a single floor, with a wraparound terrace exceeding 5,400 square feet offering panoramic views from downtown Los Angeles to the Pacific. Interiors feature white oak floors and millwork, Simena limestone surfaces, and hammered bronze accents. The unit includes three bedrooms, five full bathrooms, a powder room, a private elevator, gymnasium, and media room.
Sierra Towers, completed in 1965, has long held a singular position in the Los Angeles residential landscape. Its roster of current and former residents includes David Geffen, Sidney Poitier, Cher, Elton John, Katy Perry, Sandra Bullock, Joan Collins, and Courteney Cox. No other residential building in the city has housed a comparable concentration of public figures.
The Wall Street Journal reported the listing at $39.5 million, noting the price would set a new record for Los Angeles condominium sales if achieved.
The Real Deal documented the listing's record-setting ambition, identifying Linda May of Carolwood Estates as the listing agent and placing the property in the context of the current $39.2 million LA condo record.
Robb Report profiled the penthouse as the sole full-floor unit in the building, detailing the Workshop/APD renovation and the property's five-year construction timeline.
Hoodline covered the listing, noting that sellers Dan Fischel and Sylvia Neil completed the renovation but have never occupied the residence.
WEHOonline traced the unit's ownership lineage from Evan Metropoulos of the Hostess Brands family through the Fischel-Neil acquisition at auction, contextualizing the five-year renovation arc.