See inside the biggest modern home in the US, a 105,000-square-foot Los Angeles megamansion that sold for $126 million to Fashion Nova's billionaire CEO

See inside the biggest modern home in the US, a 105,000-square-foot Los Angeles megamansion that sold for $126 million to Fashion Nova's billionaire CEO


The property is known as The One Bel Air, and it fetched $126 million at auction last year.



Marc Angeles


It was listed on Concierge Auctions from February 28 to March 3, 2022.

a partial view of mansion The One Bel Air



Joe Bryant


The property, which is 10 years in the making, comes from film producer-turned-real estate developer Nile Niami.

an aerial view of a white mansion, The One Bel Air, and its pools, surrounded by hills and green grass



Allen J. Schaben / Los Angeles Times via Getty Images


Niami initially hoped to sell it for a whopping $500 million, which would have made it one of the most expensive homes in the world.

an aerial view of a white mansion, The One Bel Air, and its pools



Allen J. Schaben / Los Angeles Times via Getty Images


But the home was beset with several delays, construction challenges, and cost overruns. In 2021, it was placed into a court-ordered receivership and later put into bankruptcy.

a sprawling white mansion, The One Bel Air, sits atop a short green hill



Allen J. Schaben / Los Angeles Times via Getty Images


It listed for $295 million in January 2022, making it the most expensive home for sale in the US at the time, though it marked a sharp discount from the $500 million Niami hoped to get for the home.

green grass and a moat at mansion The One Bel Air



Marc Angeles


When no buyers bit, the home went into bankruptcy auction. Though the top bid for the home was $126 million, the auction premium and commission fees brought the total closer to $141 million.

an aerial view of mansion The One Bel Air surrounded by hills and grass



Allen J. Schaben / Los Angeles Times via Getty Images


The bidder? Fashion Nova’s billionaire CEO, Richard Saghian.

Richard Saghian, Fashion Nova founder and CEO



Rich Fury/Getty Images


Source: Business Insider

Concierge Auctions said the sale was “more than double the highest US sale at auction and nearly 50% higher than the world record.”

an aerial view of white mansion The One Bel Air, surrounded by hills and trees



Allen J. Schaben / Los Angeles Times via Getty Images


Here’s a closer look at what Saghian got for his $141 million splurge:

a white building and young palm trees at mansion The One Bel Air



Allen J. Schaben / Los Angeles Times via Getty Images


In the mansion’s sprawling yard, you’ll find a sculpture from Italian glass maker Simone Cenedese.

a blue and purple sculpture of wings in front of green grass and a white building at mansion The One Bel Air



Allen J. Schaben / Los Angeles Times via Getty Images


Here’s the main entrance to the property.

a white building and walkway at mansion The One Bel Air



Allen J. Schaben / Los Angeles Times via Getty Images


…in a two-story room that can function as either a library or office and boasts its own balcony.

a black and white room overlooking a pool in mansion The One Bel Air



Joe Bryant




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