Platinum Triangle, Los Angeles
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. 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 Los Angeles.[1] The area is consistently ranked as one of the most expensive housing markets in the country.[1] Residents who paid eight figures for their homes include David Beckham, Jeff Bezos and Tom Cruise.[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 many years.[3]
In the 1980s the area was known as the Golden Triangle. An upscale home from that era is Hugh Heffner's Playboy Mansion.[2]
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
- ^ a b Olmsted, Larry (May 25, 2010). "Second homes: High luxury has a high price in Beverly Hills". USA Today. Retrieved 14 November 2013.
- ^ a b Haddad, Annette (July 22, 2007). "Billionaires snap up homes in Platinum Triangle". Star-News. Retrieved 14 November 2013.
- ^ "Beverly Hills mansion becomes most expensive U.S. home on sale". China Economic Net. July 11, 2007. Retrieved 14 November 2013.
- ^ Meyers, Joe (November 23, 2011). "Gross returns with another juicy rich and famous real estate saga". Connecticut Post. Retrieved 14 November 2013.
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