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Toymaker Isaac Larian Buys Malibu Mansion for $24 Million

Isaac Larian, founder of the toy company behind the Bratz dolls, purchased a Frank Gehry-designed beachfront home in Malibu for $24.15 million.

The MGA Entertainment chief executive got quite the deal, as the property reportedly hit the market for $57.5 million in 2013. The price had dropped to $29.9 million on July 5, 2016, according to MLS. The deal was first reported by The Real Deal.

The six-bedroom 10-bathroom home was built in 1989 for PennCorp Financial chief executive Burton Borman, who died in 2012. His estate was sold by Borman’s heirs on Tuesday in a court-ordered partition sale in Los Angeles Superior Court.

Sources told The Real Deal that Borman’s children were battling with his ex-wife Navabeh Borman over the home’s value.

The house, at 31250 Broad Beach Road, clocks in at 11,000 square feet and borders Broad Beach. It includes a tennis court and lap pool.

Larian did not immediately respond to requests for comment. The listing agent Kurt Rappaport of Westside Estate Agency declined to comment.

Van Nuys-based MGA Entertainment manufactures toys, games, and girl’s lifestyle products. Its toy lines range from Bratz to Lalaloopsy dolls, Num Noms, and Little Tikes.

Click here to read the article on the labusinessjournal.com.