Anyone who believes that beauty is only skin deep should read the Wall Street Journal’s real estate section, which recently reported that three of the most expensive properties on the market were all owned by cosmetic surgeons in Los Angeles. Raj Kanodia, whose patients include the Kardashians; Paul Nassif, of Botched reality-TV fame; and Alex Khadavi, 48, who was photographed cheerfully hanging from the rafters of his Bel-Air mansion in the WSJ article. Unfortunately, when reports of an altercation with his neighbors at a West Hollywood condo were splattered throughout the newspapers in July 2021, the Glendale-based dermatologist Lance Bass and David Hasselhoff received some less-than-welcome media attention: he was jailed for making felony criminal threats. Khadavi’s dream mansion had turned into a nightmare by that point.
After spending more than $46 million creating a mega-mansion in Bel Air, the celebrity plastic surgeon Alex Khadavi with a history of spewing homophobic and anti-Semitic comments has filed for bankruptcy, saying that he ‘dreamed too large.’
Last May, Dr. Alex Khadavi, 49, put the hillside property with sweeping vistas of Los Angeles on the market for $88 million, but he has yet to sell it.
Celebrity Dermatologist Alex Khadavi lists his Los Angeles Mega mansion because of bankruptcy?
According to the Wall Street Journal, a bankruptcy judge has agreed to auction the estate for as little as $50 million, while Khadavi believes the hopeless endeavor could still yield more on the open market.
Seven bedrooms, a movie theater, a champagne tasting area, and an NFT art gallery are among the features of the 21,000-square-foot residence. Even 24-karat gold dust has been scattered throughout the floors.
During construction, he became agitated, terminating his architect and main contractor within the first year and grumbling about crews calling in sick with COVID.
‘People don’t take pride in what they do. Nobody wants to work these days, ‘he remarked.
According to his Instagram, which has 94,000 followers, Khadavi’s celebrity clients include reality stars Khloe Kardashian and Scott Disick, singer Lance Bass, and actor David Hasselhoff, as well as lesser-known Instagram personalities, models, and singers like La Demi, Ana Cheri, and street artist Alec Monopoly. According to his website, he is a national trainer for Botox and the filler Juvederm.
Last year, the physician was caught on camera going on a homophobic rant in his apartment building, prompting his gay neighbors to file a restraining order, alleging that he threatened to kill them.
After the surgeon allegedly told him he ‘hates all Jews’ and threatened to murder him, real estate agent Matt Altman of Million Dollar Listing obtained a restraining order against him in 2016.
According to court papers, the resulting Bel-Air mansion, which includes a DJ booth, a Champagne tasting room, and an NFT art gallery, is now headed for sale after the developer, Alex Khadavi, filed for bankruptcy protection. Judge Sheri Bluebond hinted in a bankruptcy court hearing in Los Angeles on March 30 that she could soon sign off on the auction sale of the property, which is Dr. Khadavi’s largest asset, with a reserve price of $50 million. A reserve price is the lowest amount that an auction item’s owner will accept as a winning bid.
Dr. Khadavi, 49, with silky black hair and prominent cheekbones, designed the 21,000-square-foot estate, and his love for perfection drove him to spend about $30 million on the home’s construction, not including land costs. According to him, that was around three times his original budget estimate.
The site, which is located on tony Sarbonne Road with 360-degree vistas stretching from the San Gabriel Mountains to the Channel Islands, was purchased for $16 million in 2013 by r. Khadavi, who was born in London and spent a few years in Iran. Dr. Khadavi, like a number of other L.A. developers who have flooded the luxury-home market in recent years, had little experience in the sector, as he admitted. Though he has bought and remodeled a number of homes in the neighborhood, he said they were mostly in the sub-$1 million price range. He also stated that he did not have any relationships with contractors who could handle a project of this magnitude.
He went all out, using the most expensive materials available, such as high-end calacatta extra-gold marble and 24-karat gold dust to color the wood floors.
Dr. Khadavi stated, “The marble budget was $10 [per square foot],” “I clearly made a mistake because we bought $150 [per square foot] calacatta extra gold. It’s like if you go in to buy a Prius and they show you a Ferrari.”
Dr. Khadavi’s crazy imagination resulted in the futuristic, seven-bedroom home, which symbolizes his enthusiasm for digital art, music, and design, he said. It’s hidden behind mirrored steel gates and has unusual features like a hidden DJ platform that rises from the floor on a hydraulic lift and an NFT art gallery with works by artists like Bighead, a record producer and DJ who worked on the production of hip-hop artist Lil Pump’s 2017 hit “Gucci Gang.” A formal dining room, a movie theater, a car museum, a massage area, a tequila bar, and a Champagne tasting room are among the other amenities.
Dr. Khadavi built a digital laser show modeled after Disneyland’s lavish World of Color attraction and installed a system of jets in the outdoor pool that pump in sync with music. A rotatable 3-D laser projector on the roof casts light in the shape of a rhombus over the pool in Dr. Khadavi’s version. The “golden ratio” and Italian mathematician Leonardo Fibonacci’s mathematical sequence, which some consider the key to human perception of beauty, inspired much of the home’s design, according to Dr. Khadavi.
Dr. Khadavi said he realized his dreams for the property had outgrown what he could actually afford to maintain around halfway into the project, which he said was originally meant for his personal use. He’d have to put his house on the market. He admitted, “I dreamed too big.”
The Covid-19 epidemic, which interrupted the building timeline, increased costs, he added. Crews were frequently called out because a member had contracted the infection. “People aren’t proud of what they do.” Nobody wants to work these days, according to Dr. Khadavi.
He said he had split up with his architect and major contractor within the first year, and he later ran across problems with the job his contractors had done. He explained that a beam they had erected was blocking views from the primary bedroom and had to be removed. The guesthouse was also not appropriately waterproofed by the contractors. He said, “I had to rip up a million dollars of marble.”
In May 2021, Dr. Khadavi listed the property for $87.777 million with high-end realtors Aaron Kirman of Compass and Mauricio Umansky of The Agency. The number 7 in the pricing was a nod to his favorite number. (His family immigrated to the United States from Iran when he was seven years old, during the revolution.) About 12 years ago, he began buying and remodeling houses.
He filed for chapter 11 bankruptcy protection a few weeks after putting the house on the market, according to records. Axos Bank, a subsidiary of Axos Financial Inc., is one of his top debtors, according to records, having lent about $27 million for the house’s development. Axos Bank’s spokesman declined to respond.
What’s Inside a Local Cosmetic Surgeon’s Bel-Air Mega mansion
This ultra-luxe mansion has unrivaled futuristic facilities, including a first-of-its-kind multi-sensory non-fungible token (NFT) art gallery (like Bitcoin for the art world) with seven indoor large-screen media displays valued at $7 million (priced separately). A rotatable 2D laser projector built for NFT artwork casts light in a rhombic-shape up to 1,650 square feet over the pool with misters, imitating the World of Color attraction at Disney’s California Adventure Park.
Artwork by Ghost Girl and BigHead Music Producer is among the featured NFT art on show, which was curated by Pierre Marcand and Sylia de Palma of Marcand de Palma (MDP) Art Curators (producer of Gucci Gang by Lil Pump). Physical artwork by Andy Moses, Shane Guffogg, and Jimi Gleason is also on exhibit throughout the house. There’s also a large garage, which is ideal for that fleet of supercars.
If you enjoy having a good time, a movable DJ table experience placed in the middle of the grand entryway would make Calvin Harris and David Guetta green with envy is also included in the seven-bedroom complex.
There’s a huge infinity pool with six seven-horsepower jets that pulse in rhythm with the music so you can practically feel the bass; it also has breathtaking views of the city below.
The estate has a detached guest house with its own chef’s kitchen, custom indoor-outdoor living space, and a tequila bar, as well as six bedrooms and a palatial master wing with a floating wrap-around deck.
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