Sean Rad purchased a Los Angeles pad that comes with a Comedy Store-themed bar for $26.5 million
Sean Rad, a founder of the dating app Tinder, has purchased a home in L.A.’s Hollywood Hills for $26.5 million, according to a person with knowledge of the deal.
The seller was real-estate mogul Kurt Rappaport, the founder of Westside Estate Agency. Mr. Rappaport purchased the property for around $5 million in 2014 from Mitzi Shore, founder of the iconic Comedy Store in Los Angeles who died in April. He completely remodeled it, according to a person familiar with the property, finishing work in 2017.
The modern, gated home measures about 10,425 square feet, with five bedrooms and 6½ baths. It has a 60-foot pool, a game room, a large outdoor dining area, a bar with a Comedy Store theme, a gym and a wine cellar.
The Doheny Drive home was not formally listed for sale and closed in an off-market deal.
Mr. Rappaport recently purchased another home, a Wallace Neff-designed French Manor-style property in Brentwood, from former Viacom Chief Executive Frank Biondi Jr. for $16.25 million, or 32% less than its original $23.9 million asking price. He also recently sold a seven-bedroom Malibu, Calif., mansion to Canadian billionaire Daryl Katz for $85 million, according to a person with knowledge of the transaction.
Mr. Rad, 32, co-founded Tinder in 2012, working as part of an incubator owned by IAC, which is the majority owner of the dating app. The app allows users to browse the dating profiles of prospective partners, then swipe right for “yes” and left for “no” to reflect their interest. Contacted through a friend, Mr. Rad declined to comment.