EV maker Henrik Fisker tries to sell off his posh Hollywood mansion for $35 million as the startup crumbles

Dow Jones06-17

MW EV maker Henrik Fisker tries to sell off his posh Hollywood mansion for $35 million as the startup crumbles

By Lisa Johnson Mandell

The home has a spa with pink Himalayan salt walls and a game room lined with walls of wine.

Henrik Fisker, founder of the troubled automotive startup Fisker Inc., (FSRN) has put his luxe Los Angeles mansion on the market for $35 million.

With his company's stock price hovering between 4 and 5 cents-and bankruptcy looming-Fisker's posh residence might be worth more than the company. The stock was delisted in March.

See: EV maker Fisker adds a recall of over 18,000 Ocean EVs to its troubles

Fisker purchased the elegant, 11,800-square-foot compound in 2021 for $21,750,000. Records indicate he tried to sell it about two months later for $29,500,000, to no avail.

More recently, the six-bedroom mansion landed back on the market for $35 million-or as a $125,000-per-month rental.

For the asking price, a new resident would have a plethora of world class amenities at the ready.

A fully equipped spa with a sauna surrounded pink Himalayan salt walls? Check! A game room lined with walls of wine? Check! A dedicated ping-pong room with glass walls that serve up views of the Sunset Strip and Pacific Ocean? Check again!

Plus: Forces Shaping EV Adoption and the Future of Driving

But those are just a few of the posh perks. Other highlights include a media lounge, a glamorous club room with a bar, and a remarkable infinity-edge pool with shallow splash pads. Outside, there's also a kitchen and barbecue area, as well as an open-air living/dining room with an onyx table that can comfortably seat over 20 dinner guests.

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Inside, the great room features living and dining room space with white-oak floors and towering ceilings with contemporary chandeliers.

The grand primary suite features retractable glass walls with unparalleled views from the private balcony. It also has a sumptuous bathroom with a soaking tub and, again, striking views.

More from Realtor.com: In Red-Hot Real Estate Markets, Why Do Certain Homes Just Not Sell?

One of the only rooms in the house that doesn't take advantage of the spectacular views is the 20-foot garage, which features a lift that can easily accommodate six Fisker Ocean SUVs.

Fisker, 60, is known for designing ultra-luxury cars for BMW (XE:BMW), Ford $(F)$, Tesla $(TSLA)$, and Aston Martin, before starting Fisker Automotive, in 2007. Despite substantial financing, the company failed. In 2016, Fisker launched Fisker Inc. The EV Fisker Ocean began production in 2022 and started delivery in 2023.

From the archives (2023): What's a Fisker Ocean? Here's the new electric SUV by the numbers: price, range, warranty and more.

The startup has laid off hundreds of employees and is scrambling for additional funding. Financial pundits are not optimistic about the company's future prospects.

This story originally ran on Realtor.com.

-Lisa Johnson Mandell

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June 17, 2024 05:04 ET (09:04 GMT)

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