A Bird Streets home developed by a former Grand Prix motorcycle racer who now has his hands on real estate, is on the market for $30 million.
John Kocinski’s Mediterranean-style mansion is the work of architect Richard Robertson III of Robertson Partners, according to the Los Angeles Times, which first reported the home was for sale Robertson also designed a 45,000-square-foot Fleur de Lys mansion in Holmby Hills that sold for $102 million in 2014,
Kocinski’s mansion spans 9,000 square feet with four bedrooms and eight bathrooms. There is an 800-bottle wine cellar, a theater, and a library and pool, according to a listing by agent Lupita Rangel of United Real Estate.
The garage is a detached porte-cochere that separates the main house from the street, allowing for 125 feet of separation between the street and the home’s entryway, according to the Times.
Sales in the Bird Streets, a neighborhood in the Hollywood Hills above the Sunset Strip, have slowed over the last year or so, after years of strong sales and price growth. Many of the “white glass box” spec homes have languished on the market, prompting steep price cuts.
Kocinski has been in real estate for around two decades. In 1999, as his successful motorcycle racing career wound down, he was rumored to have sold a home in California at a 400 percent profit. After that he started buying and selling in L.A.’s tony neighborhoods, according to a 2009 article in British motorcycle racing magazine Visordown. At one point, he sold a Bel Air mansion to Eddie Murphy for $15 million. [LAT] — Dennis Lynch