A plastic surgeon to the stars who owes millions of dollars was left furious after his sprawling Bel Air mansion only managed to tempt a high auction bid of $45.8million, despite being listed for $88million.
Dr. Alex Khadavi, 49, put the hillside mansion with sweeping views of Los Angeles on the market last May, but has so far been unable to sell it.
The 21,000-square-foot home features seven bedrooms, a movie theater, a champagne tasting room, an NFT art gallery and a champagne tasting room. The floors are even stained with 24-karat gold dust, and it has a DJ booth that rises up out of the floor using a hydraulic mechanism.
Khadavi described the auction results as ‘Horrible, Horrible, Horrible!’ to CNBC, having filed for bankruptcy protection two weeks after putting the house on the market last year. He owes tens of millions of dollars to creditors, and hoped the sale of the mansion would allow him to pay off his debts.
‘Nobody told me this thing’s going to go below, below this level,’ he told the news network, after the auction failed to meet even the court-ordered $50million reserve – the lowest price he was willing to entertain selling the house.
A celebrity plastic surgeon who owes millions of dollars was left furious after his sprawling Bel Air mansion only managed to tempt a high auction bid of $45.8million, despite being listed for $88million
Dr. Alex Khadavi, 49, put the hillside mansion with sweeping views of Los Angeles on the market last May, but has so far been unable to sell it. Khadavi said the price of the home kept ballooning as he built it
A backlit tequila bar is one of the many extravagant features packed into the costly home. The mansion was built based on some of Khadavi’s favorite mathematical concepts
Dr. Alex Khadavi, 49, put the hillside mansion with sweeping views of Los Angeles on the market last May, but has so far been unable to sell it. He had hoped the auction would fetch $88million, but it barely fetched half of that
He said he was surprised when the auction opened $10million below the reserve amount, saying he had an agreement with Concierge Auctions that prevented the company from opening bids below the reserve price.
Bids for the mansion came in slowly, and on the last day the highest bid was accepted – but $4.2million short of the reserve. The final offer of $46.8million was not reached.
Under normal circumstances, a sell would not be required to accept any bids below the reserve price. However, in Khadavi’s case this is more complicated due to the auction being part of his bankruptcy proceedings.
The doctor told CNBC in June last year that the court would consider the highest existing offer for the house, and if it’s approved it will move forward whether he personally accepts it or not.
He is now in a race to find a higher bidder than the $45.8 million final bid placed during the auction, with the television network reporting that he is considering legal action against the auctioneer.
Khadavi bought the Bel Air mansion for $16 million in 2013. He spent more than $30 million on construction, not including land cost. Among his creditors is Axos Bank, which lent the cosmetic dermatologist $27 million.
The estate features 360-degree views from the San Gabriel Mountains to the Channel Islands. He bought it for $16 million in 2013 and spent more than $30 million on construction, but has been unable to keep up with the costs
During a bankruptcy hearing on March 30, Judge Sheri Bluebond said she could soon agree to sell the home at auction for a minimum ‘reserve price’ of $50 million
The doctor wanted to live in the house but realized he’d have to sell it because it was going to be too expensive to maintain
He admitted that he didn’t have the right connections for a project this big and that he has mostly flipped homes under $1 million, according to the Wall Street Journal.
His vision for the manse kept expanding during construction – and so did his budget.
‘The marble budget was $10 [per square foot],’ Khadavi said in April. ‘I clearly made a mistake because we bought $150 [per sq ft] calacatta extra gold. It’s like if you go in to buy a Prius and they show you a Ferrari.’
He wanted to live in the house, but realized he’d have to sell it halfway through building it, because it was going to be too expensive to maintain, he said. ‘I dreamed too big.’
During a bankruptcy hearing on March 30, Judge Sheri Bluebond said she could soon agree to sell the home at auction for a minimum ‘reserve price’ of $50 million.
Khadavi’s notorious temper surfaced during construction, the Wall Street Journal reported.
He complained about construction workers who came down with COVID and criticized their work.
He had them rip out a beam that was blocking the view. He also said he ripped up $1 million worth of marble after they failed to waterproof the guest house correctly.
The home features 360-degree views from the San Gabriel Mountains to the Channel Islands, according to a video from One Shot Productions.
Dr. Alex Khadavi’s clients include singer Lance Bass (left) and David Hasselhoff (right). The doctor has dermatology practices in Encino, an LA neighborhood, and Thousand Oaks in nearby Ventura County.
Reality TV star Khloe Kardashian promotes Khadavi’s hand cream subscription service Hand MD
Khadavi with model Ana Cheri (left) and Alec Monopoly, a street artist known for covering his face or using a face mask to hide his identity (right)
The extravagant design includes a formal dining room, a movie theater, a car museum, a massage room, a DJ booth, an NFT art gallery, a tequila bar and a champagne tasting room.
A rotatable 3D laser projector on the roof casts light in the shape of a rhombus over the pool. And jets inside the pool pump water in time with the music.
A glass-bottomed bridge connects different parts of the house and overlooks the living area.
The British-born Iranian doctor says he was inspired by mathematical concepts like the ‘golden ratio’ and the Fibonacci sequence, considered by some to represent the apex of human beauty.
Khadavi finally put the home on the market in May 2021 for $87.777 million, with the sevens being a reference to his favorite number and his age when he and his family relocated to the US from Iran during the Iranian Revolution.
He still believes the house is worth more than the $50 million price tag that the judge proposed. ‘The view itself is honestly worth about $100 million,’ he told the Wall Street Journal.
A 3D laser projector that casts a light in the shape of a rhombus over the pool – one of the many extravagant features of the mansion – was inspired by Disneyland. The jets inside the pool pump water in time with the music
Dr. Khadavi’s notorious temper surfaced during construction as he complained of workers who came down with COVID and found problems with their work
‘People don’t take pride in what they do. Nobody wants to work these days,’ he said of his contractors. Above, a movie theater inside the mansion
Khadavi’s celebrity clients include reality stars Khloe Kardashian and Scott Disick, singer Lance Bass, actor David Hasselhoff, along with lesser known Instagram personalities, models and singers like La Demi, Ana Cheri and street artist Alec Monopoly, according to his Instagram, which has 94,000 followers.
He is a national trainer for Botox and the filler Juvederm, according to his website, and has dermatology practices in Encino, an LA neighborhood, and Thousand Oaks in nearby Ventura County.
Khadavi grew agitated during construction of the mansion, firing his architect and primary contractor within the first year and complaining about crews who called out sick with COVID.
‘People don’t take pride in what they do. Nobody wants to work these days,’ he said.
The surgeon was filmed going on a homophobic rant at his apartment building last year, causing his neighbors, a gay couple, to file a restraining order alleging that he threatened to kill them.
The troubled cosmetic dermatologist found problems the crew’s work and had them rip out a beam because it obstructed the view from the main bedroom
The British-born Iranian doctor says he was inspired by mathematical concepts like the ‘golden ratio’ and the Fibonacci sequence, considered by some to represent the apex of human beauty
A glass-bottomed bridge connects different parts of the house and overlooks the living area
In 2016, real estate agent Matt Altman from Million Dollar Listing also filed a restraining order against Khadavi after the surgeon allegedly told him he ‘hates all Jews’ and threatened to kill him.
Last July, Khadavi was recorded on surveillance video threatening the man in the lobby of their plush West Hollywood condo complex on July 7.
‘I’ll f**k you up, f**king f****t!’ Khadavi is heard yelling in the footage, which was obtained by TMZ. ‘I’ll shoot you, I don’t give a f**k… Nobody tells me what to do,’ he continues as a concierge looks on helplessly.
The foul-mouthed tirade goes on for more than a minute before the man taunts: ‘I’ll shoot you in the f**king face, f**king f****t! I’ll blow your f**king head off!’
The neighbor then filed a restraining order against Khadavi, saying he ‘fears for his life’ and that the dermatologist had told the concierge he was going to kill him and his husband.
The concierge allegedly claims that Khadavi ‘showed him a handgun he was carrying [while leaving the condo complex]’ around two months before.
The Medical Board of California said it was investigating the incident.
Back in 2016, real estate agent Matt Altman obtained a restraining order against Khadavi for making ‘anti-Semitic death threats’ and threatening him in person and over the phone.
The LA doctor was accused of threatening to kill Million Dollar Listing star Matt Altman (left) and hurling anti-Semitic abuse at him at an event
Altman claimed in documents, seen by TMZ at the time, that Khadavi approached him at a real estate event.
When Altman asked him to leave because it was a private event, Khadavi allegedly told him he ‘hated all Jews’ and threatened to kill him.
The documents also claimed Altman had been receiving racist and homophobic phone calls from Khadavi for years.
The dermatologist denied the allegations at the time with a rep telling TMZ he is Jewish and had been invited as a guest to the event.
The restraining order said the doctor had to stay 100 yards away from Altman and his girlfriend, as well as his brother and Million Dollar co-star Josh Altman and his wife.