Rob Lowe and Sheryl Berkoff Just Made a Very Profitable Flip

Last week’s sales….

121 VIA DEL CIELO (ABOVE)
Striking five-bedroom house atop TV Hill; views for days.
Listed: $10 million in November 2021.
Closed: $8 million.

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140 MIDDLE ROAD
Rob Lowe and Sheryl Berkoff flipped the property in an off-market deal, having bought it for just $5.2 million in October 2020. They renovated it, but surely not to the tune of $9.7 million.
Listed: N/A.
Closed: $14.9 million.

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4180 CRESTA AVENUE
Pocket listing of 8,380-square-foot Hope Ranch house built in 2000; it was listed for $9.8 million in the spring of 2021.
Listed: $9.85 million.
Closed: $9.8 million.

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5042 CASITAS PASS ROAD
Two-bedroom cottage on 65 acres between Carpinteria and Ojai.
Listed: $6.7 million in August 2021.
Closed: $6.025 million.

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1839 E. MOUNTAIN DRIVE
French-style four-bedroom built in 1964.
Listed: $5.5 million in February 2022.
Closed: $5.5 million.

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1200 TORO CANYON ROAD
John Mellencamp flipped the three-bedroom aerie he paid $2.45 million for in May 2021.
Listed: $4.5 million in October 2021, cut to $3.75 million in January 2022.
Closed: $3.551 million.

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1821 GIBRALTAR ROAD
1973 three-bedroom in Cielito.
Listed: $2.495 million in August 2020, raised to $3.395 million in January 2022. Correction: The property, which sold for $2.35 million in December 2020, was listed for $3.395 million in January 2022.
Closed: $3.25 million.

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1144 PORTESUELLO AVENUE
Nicely styled four-bedroom, two-and-a-half-bath in Bel Air Knolls.
Listed: $2.795 million in January 2022.
Closed: $3.2 million.

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242 ORTEGA RIDGE ROAD
1921 three-bedroom.
Listed: $3.995 million in November 2021, cut twice to $2.995 million.
Closed: $3.15 million.

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1808 LIGHTHOUSE WAY
Three-bedroom backing up against Meigs Road. The seller paid $1.82 million in May 2019.
Listed: $2.895 million in January 2022.
Closed: $3.1 million.

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And a few others worth checking out:
••• 56 Olive Mill Road: $2.875 million.
••• 2521 Whitney Avenue: $2.75 million.
••• 2332 Las Canoas Road: $2.725 million.
••• 2333 Foothill Lane: $2.585 million.
••• 4282 Rancho Asoleado: $2.5 million.
••• 1045 Tisha Court: $2.469 million.
••• 525 Alston Road: $2.4 million.
••• 4620 Via Rubi: $2.379 million.

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