This Holmby Hills mansion sold for $85 million in 2011

The Platinum Triangle is an informal name for three adjacent neighborhoods in the Los Angeles Westside area. It includes Beverly Hills, which is its own city within Los Angeles County, along with two Los Angeles city neighborhoods, Bel Air and Holmby Hills.[1] The "Platinum Triangle" designation refers to the affluence of the neighborhood and its large, multi-million-dollar homes. Beverly Hills in particular contains the largest homes in the Los Angeles area. The area is consistently ranked as one of the most expensive housing markets in the country.[2]

Homes in the neighborhood have held the record for most expensive real estate in the United States. A $94 million home sale in 2001 held the record for 15 years, up to the sale of the Playboy mansion in 2016.[3]

In the 1980s, the area was known as the Golden Triangle.

A 2011 book called Unreal Estate: Money, Ambition and the Lust for Land in Los Angeles, by Michael Gross, describes the social history of the Platinum Triangle as reflected in its great houses.[4]

References

  1. ↑ Sharp, Sonja (2019-11-05). "She feeds Bel-Air's mega-mansion boom. But lunch is a battlefield". Los Angeles Times. Retrieved 2019-11-06. The so-called Platinum Triangle of Bel-Air, Holmby Hills and Beverly Hills...
  2. ↑ Olmsted, Larry (May 25, 2010). "Second homes: High luxury has a high price in Beverly Hills". USA Today. Retrieved 14 November 2013.
  3. ↑ "Beverly Hills mansion becomes most expensive U.S. home on sale". China Economic Net. July 11, 2007. Retrieved 14 November 2013.
  4. ↑ Meyers, Joe (November 23, 2011). "Gross returns with another juicy rich and famous real estate saga". Connecticut Post. Retrieved 14 November 2013.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.