Barbara Davis Lists Los Angeles Condo

Barbara Davis, previous member of the Forbes 400 and widow of Los Angeles oil and entertainment tycoon Marvin Davis, just listed her Los Angeles apartment with an asking price of $1,885,000. Ms. Davis purchased the condo in May 2006 for $2,295,000, meaning she will face a significant loss of $410,000, assuming that the sale runs full price.

The condo resides in the Wilshire Corridor building, which offers its residents the ease and convenience of condo living in a city where high-maintenance with services such as doormen, valet service, 24-hour concierge and fitness facilities. The apartment features 2 bedrooms, 2.5 baths, a black and white marble floored foyer, a main living space with floor to ceiling windows, built-in bookshelves and glass doors to a balcony with panoramic views.

The unit measures 2,257 square feet and includes 2 bedrooms and 2.5 bathrooms—a shack in comparison to the 25,437 square foot property Davis previously owned in Beverly Hills. This mansion, sitting on 10-plus acres of land, was listed in November 2003 at $70 million until the price was reduced in June 2004 to $59.5 million. It was sold in early 2005 for $39,352,500 to buyers Susan and Eric L. Smidt, the president of Harbor Freight Tools USA Inc.

listing photos: Unlimited Style Real Estate for Sotheby’s International Realty

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