James McClain Despite COVID-19 woes, the appeal of L.A.’s posh Pacific Palisades neighborhood to the exceptionally well-heeled has not been dimmed.
The area saw one of its biggest sales of the year close earlier this month, when a sumptuous estate in the Riviera enclave transferred for nearly $20 million in cash.
Property records indicate the buyers are José Feliciano and Kwanza Jones, a billionaire married couple who already own a substantial collection of trophy real estate on L.A.’s Westside.Built in 1995 and originally styled in an ode to Mediterranean architecture, the two-story house last sold in 2012 for a relatively modest $7.5 million.
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