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The Owners of Skechers Just Created a $31 Million SoCal Beach Compound

The founding family of Skechers has officially added another piece to their ever-growing SoCal real estate portfolio. Records indicate an entity tied to the Manhattan Beach-based footwear brand has forked over $15.4 million in an off-market deal for the house immediately right next door to a Los Angeles-area parcel they already bought for $16 million back in spring 2019. Together, both properties span about three-quarters of an acre and cost a combined $31 million.

The Greenbergs’ latest Hermosa Beach addition is a traditional three-bedroom, four-bath home with almost 2,800 square feet of single-level living space perched atop an attached two-car garage. Built back in the late 1940s but updated in the years since, and resting on a cul-de-sac parcel spanning a third of an acre, the tan wood-sided structure was most recently offered for rent at $14,750 per month.

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Though it was never officially on the market, a recent listing shows a glass-lined living room sporting a fireplace enhanced with a brick surround, as well as built-in shelving and doors spilling out to the backyard. Other highlights include a couple of dining areas, a kitchen outfitted with blue-and-white cabinetry and newer stainless appliances, and an adjacent den warmed by a Franklin stove and equipped with an integrated entertainment center.

Elsewhere is a spacious primary bedroom suite with a fireplace, sitting area, walk-in closet, newly remodeled bath and access to a private patio; and outdoors, the tiered grounds overlook picturesque ocean vistas, and host an expansive terrace ideal for al fresco lounging and entertaining.

Skechers Compound Hermosa. Beach
Skechers Compound Hermosa. Beach

As for the family’s other beach house, they acquired that place from former ballroom dancer/vitamin company founder Esmeralda Gallemore and her husband Ron almost five years ago. Built in 2015, the property rests on a third-acre hillside parcel of land spotlighted by a pool, sport court, fire-pit, seven-car subterranean garage and coastal vistas stretching from Palos Verdes to Malibu. Inside, five bedrooms and seven baths are spread across almost 7,300 square feet of multi-level living space featuring a living room anchored by a massive limestone fireplace and walls of glass, screening room and gym.

Per Forbes, the Greenbergs are one of the nation’s richest families, with an estimated net worth of around $1.5 billion.

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