Begin your engines: A mansion constructed for a race automobile enthusiast is hitting the market in Los Angeles for $62 million.
Measuring about 16,000 sq. ft, the home belongs to former Goldman Sachs accomplice and excessive sports activities fan Kipp Nelson. The home has a showcase storage for 12 automobiles, a mannequin racetrack dubbed the Kippway, and a Formulation One racing simulator.
Mr. Nelson, 61, is a accomplice at Lengthy Arc Capital, an investment agency based mostly in New York and London. He’s additionally a former accomplice at Goldman Sachs in London, and within the 1990s competed in Formulation Three racing, an entry level for Formulation One drivers.
He purchased the property simply above the Sundown Strip on the west facet of L.A. in 2014 for roughly $12 million, data present. Mr. Nelson mentioned he had spent years searching for the right website, then spent a number of extra years on the design and development of the six-bedroom residence, which was accomplished in 2018.