He may not be as famous as fellow celebrity flippers Ellen DeGeneres or Jennifer Aniston, but Jeremy Renner has a winning track record for transforming sad and neglected homes into fabulously stylish properties. To date, Renner and his business partner have 16 projects under their belts.
Last year, they sold an extravagant Gatsby-era Art Deco mansion in the Holmby Hills for a stunning $24,000,000. They bought the property in 2007 for $7,000,000.
Their latest offering is the Sturges House, a beautifully restored Traditional on Franklin Avenue near Runyon Canyon.
Long before Renner became the Academy Award nominated star of The Hurt Locker, The Town and The Bourne Legacy, he was a successful home remodeler with a sharp eye and imaginative vision.
Even as he was rising to stardom, Renner wasn’t afraid to get his hands dirty. In between press junkets, interviews and lunches, Renner frequently showed up to the job site still in his suit to tell the electricians where to put the light switches.
Renner and actor pal Kristoffer Winters began their real estate careers in 2002 with a small Midcentury bungalow in Nichols Canyon. With a mere $200 in the bank, Renner was able to wrangle a loan after landing a role in a small film. They bought the house for $659,000 and went to work. Originally, the pair simply saw the property as a chance to save a little on rent. Visitors were so impressed with the results that a few months later they sold the house for $900,000.
To squeeze a little more margin from their investments, Renner and Winters often lived at the houses during renovation among the plaster dust and bare studs. It’s hard to imagine now, but in those days the action star often used a local Starbucks to brush his teeth.
In fact, Renner lived at the Sturges House during the early remodeling until gawkers and tourists finally drove him out.
The Sturges house originally belonged to beloved director and writer Preston Sturges. Over the years, the home fell into disrepair. Tenner and Winters snapped up the property in a court ordered sale in 2009 for a little over $1.3 million.
The current renovation lends old Hollywood glamor while adding all the modern touches.
The home sits on little over 10,000 square feet of lush garden space with numerous outdoor seating areas and a rooftop deck with sunset views.
Imagine all the Hollywood stars who shared cocktails around this copper-topped bar in Sturges day.
The home features five bedrooms, six bathrooms and three fireplaces.
There is also a 1,200 square foot guest house with a complete kitchen and dining area.
Here’s an idea of what Renner and Winters saw when they bought the house.
The home is offered at $4,795,000.
Listing courtesy of Hilton & Hyland, Branden Williams and Rayni Romito Williams.