The Bird Streets mansion formerly owned by LA28 Olympics chairman Casey Wasserman has sold to Guess co-founder Paul Marciano for $18.5 million. The 11,179-square-foot home at 9265 Robin Drive went into contract in late August 2026 after nearly a year on the market and several price reductions. The sale also set a 2026 price record for the neighborhood while leaving Wasserman with a multimillion-dollar loss.
Wasserman bought the home in August 2020 for $23.6 million, so the sale represents an approximately $5.1 million loss, according to The Times of India. At $18.5 million, the transaction equates to roughly $1,655 per square foot and is the priciest recorded Bird Streets deal so far in 2026, based on Zillow records cited by The Real Deal. Kurt Rappaport of Westside Estate Agency held the listing, while Cooper Mount of Carolwood Estates represented the buyer, an LLC managed by Marciano, according to the outlet.
A Year of Price Cuts on a Sci-Fi-Inspired Estate
The marketing history helps explain the gap between the property's original ask and its closing price. Wasserman listed the home in September 2025 for $32.5 million, or about $2,907 per square foot, then reduced the price to $29.9 million and $24.95 million before it went into contract at $18.5 million, according to the same account. The sequence reflects the extended negotiations and repricing that accompanied this particular sale; The Real Deal described it more broadly as part of a correction in Los Angeles's upper-tier trophy-home market.
Designed by XTEN Architects, the home won the AIA Los Angeles Award for Most Influential Architecture of 2020 and drew design inspiration from Stanley Kubrick's “2001: A Space Odyssey,” including ceiling installations that cost more than $1 million, according to a listing description reviewed by Zillow. Perched on more than half an acre along a Bird Streets cul-de-sac, the five-bedroom, seven-bathroom residence includes polished terrazzo floors, an eight-car subterranean garage, a home theater, a dance studio, a gym, and an infinity pool with sweeping ocean-to-city views.
Wasserman's Real Estate Retreat Amid Agency Turmoil
The sale isn't Wasserman's first high-dollar Los Angeles real estate move. In 2020, he sold his 3.25-acre Beverly Hills estate on Foothill Road to DreamWorks co-founder David Geffen for $68 million, according to the Los Angeles Times; that 18,543-square-foot mansion had originally listed for $125 million in 2018. Wasserman, the grandson of former Hollywood studio boss Lew Wasserman, now chairs the organizing committee for the 2028 Summer Olympic and Paralympic Games, a role Hoodline detailed in its Coliseum-SoFi venue coverage.
The Bird Streets sale also lands amid a turbulent stretch for Wasserman's talent agency. In March 2026, he put the firm up for sale and rebranded it from Wasserman Media Group to “THE•TEAM” following public scrutiny over newly released government documents detailing his past communications with Jeffrey Epstein and Ghislaine Maxwell, according to MusicRow. Hoodline previously reported on that scrutiny in its coverage of the Peggy Siegal Epstein ticket disclosures.
Buyer Marciano Fresh Off Guess Take-Private Deal
Marciano's purchase comes months after Authentic Brands Group finalized a $1.4 billion take-private acquisition of Guess?, Inc. in January 2026, taking a controlling 51 percent stake in the brand's intellectual property, according to a filing summarized by Webull. Marciano, his family members, and Guess CEO Carlos Alberini retained a 49 percent IP stake along with full ownership of the operating business under that deal.
The Bird Streets buy isn't Marciano's first foray into Southern California's trophy-home market. He sold a double-gated Mediterranean estate in Beverly Hills for $18.25 million in late 2017 after holding the property for nearly two decades, having purchased it in 1998 for $5.125 million, according to the Los Angeles Times.
ULA Tax Bill Looms Over the Deal
Under Los Angeles' Measure ULA transfer tax thresholds, sales of $10.9 million or more trigger a 5.5 percent tax, meaning the $18.5 million transaction likely carries a ULA bill exceeding $1 million for Wasserman on top of standard county and municipal transfer fees, according to the Paul Salazar Group. The Los Angeles City Council voted in mid-2026 to shelve proposals that would have reformed or exempted certain properties from Measure ULA, keeping the transfer tax system intact after it generated more than $1 billion for local housing programs since April 2023, per LAist.
What Measure ULA Adds to the Bill
For transactions closing after June 30, 2026, the Los Angeles Office of Finance sets Measure ULA thresholds at $5.4 million and $10.9 million. Properties conveyed at $10.9 million or more face the 5.5% ULA tier, in addition to the city's base real-property transfer tax of $2.25 per $500, according to the Los Angeles Office of Finance. At an $18.5 million sale price, the ULA portion would be $1,017,500. The base city transfer tax would add approximately $83,250, bringing the combined city transfer taxes to about $1.1 million before any county or other transfer fees.
The deal also arrives against a backdrop of heightened security concerns in the Bird Streets, where LAPD has investigated a string of high-value property crimes. Hoodline reported in February on the arrest of a housekeeper accused of stealing a six-figure cash sum from Fanatics CEO Michael Rubin's nearby mansion, part of a broader pattern of Hollywood Hills mansion break-ins covered by Hoodline earlier this year.
