Sierra Towers was first operated as a rental property, but following its purchase by New York real estate investor Helmsley Spear Inc., the building was converted to condominiums in 1974. Historically, residents and owners have included:
Lindsay Lohan (2006–2007);
Matthew Perry (until 2011);
PJ Harvey (29th floor, 2003–2018); and
Lily Collins (until 2019). In 2013, singer-actress
Cher sold her two-story condominium, created by combining two one-bedroom units on the 26th and 27th floors, for million (equivalent to $million in ). In early 2014,
Sandra Bullock purchased a unit in the southeast corner of the building's 22nd floor for $3.35million (equivalent to $million in ); in 2017, she bought a second, unit on the 20th floor, for $5.13million (equivalent to $million in ), while placing her original unit on the rental market at the same time, at $22,000 per month (equivalent to $ per month in ). In 2020,
Courteney Cox sold her unit on the same floor for $2.9million (equivalent to $million in ). The
Wall Street Journal reported that Evan Metropoulos, a principal at his family's investment firm Metropoulos & Co., has bought and sold multiple units in the building. He purchased a unit in 2014 for $3.5million (equivalent to $million in ), selling it in 2016 for $4.65million (equivalent to $million in ). By 2018, walls had been removed to create the single penthouse unit, but renovations were still incomplete, so Metropouloswho had, while waiting, purchased a Beverly Hills mansionlisted all his Sierra Towers units for sale at a combined price of $58million (equivalent to $million in ); ==References==