Gennady Barsky purchased the property in June 2012 for $5,275,000. Located within walking distance to the Beverly Hills Hotel, he knew it could be redeveloped as a once-in-a-lifetime gem. But it was sold nine months later for $6,350,000. Barsky originally bought the property with the intention of building a 36,000-square-foot luxury house, which he had designed and planned. But the quick sale came in the middle of his highly contentious divorce, and he wanted to move on with his life. He worked with Blair Chang on both the acquisition and sale of the property.