Lincoln Riley, USC’s bombshell pick to rebuild the Trojan football team, is moving from Oklahoma to Southern California soon, and he’ll have plenty of money to spend on a new place.
Contract details are still hazy, but he’ll surely make more than the $7.672 million a year he earned at the University of Oklahoma, where he was the fifth-highest-paid coach in the country, according to a USA Today analysis in October. Riley led the Sooners to 55 wins in five seasons.
An unverified viral tweet claimed the contract was worth $110 million, along with a $6-million housing allowance, and although there’s no reason to trust those numbers, that real estate buying power seems realistic relative to other USC coaches. Steve Sarkisian dropped $8 million on a Rolling Hills home when he took over the team in 2014, and Lane Kiffin paid $5.5 million for a place in Manhattan Beach a few years before that.
Even in a market as hot as Southern California, $6 million goes a long way. Riley can buy a quality home in even the most exclusive neighborhoods. Bungalows near the beach or mansions in the mountains are all within his budget.
Here’s a look at what $6 million buys in six Southern California communities.
Southern California’s housing market has slowed ever so slightly, but it remains ultracompetitive. Prices in October were up 14% from a year earlier.
History tells us that Riley will probably end up in Manhattan Beach. Several USC football coaches have owned homes in the coastal community over the years, including Kiffin and Pete Carroll. The team’s current defensive line coach, Vic So’oto, also lives there. USC’s basketball coach, Andy Enfield, sold his Manhattan Beach home last year for $5 million.
Listed at $5.3 million, this Mediterranean-style spot offers a family home with some flair. Palm trees and a clay tile roof bring curb appeal, and inside, the two-story floor plan rises to multiple balconies — including one with a built-in grill and custom kegerator. USC is about 17 miles away, but the ocean is less than one mile.
Price: $5.299 million
Address: 873 8th St., Manhattan Beach, 90266
Specs: Five bedrooms and five bathrooms in 4,969 square feet
Agent: Holly Kauffman of Beach City Brokers
California maintains its reign as the most expensive state in the U.S. for home buyers, with 89 of the nation’s 127 priciest ZIP Codes, a new study finds.
Another hot spot for USC’s top brass is Rolling Hills, a scenic city on the Palos Verdes Peninsula where Sarkisian lived. One of Southern California’s most affluent enclaves, the area offers plenty of space but a few more restrictions. For example, every house there is required to be painted white.
This compound sits on an acre and makes the most of its space with a secret garden, private patios, fruit trees, a detached art studio, swimming pool and volleyball court. At the center of it all sits a Midcentury gem designed by Cliff May, the prolific architect best known for his California ranches. His style is on full display here with vast open space meant for entertaining and walls of glass to take in the hillside views.
Price: $5.795 million
Address: 6 Maverick Lane, Rolling Hills, 90274
Specs: Five bedrooms and 4.5 bathrooms in 5,884 square feet
Agent: Suzanne Dyer of Berkshire Hathaway HomeServices California Properties
COVID-19 unleashed new demand for homes, made the well-off wealthier, and fueled extreme bidding wars. The result? The $1-million home is everywhere.
If Riley doesn’t mind taking the 10 Freeway to work every day, Santa Monica offers walkable neighborhoods and easy access to some of the L.A. area’s most iconic beaches. Space comes at a premium, though, and anything more than 5,000 square feet will take him way out of this price range.
A block from the beach, this Craftsman has stayed in great shape since it was built 108 years ago. Charm is the allure here, as landscaped gardens wrap around the property and wood shingles adorn the exterior. In addition to the five-bedroom main home, there’s a two-story guesthouse with an ocean-view suite.
Price: $5.995 million
Address: 12 Seaview Terrace, Santa Monica, 90401
Specs: Five bedrooms and five bathrooms in 3,213 square feet
Agent: Sue Kohl of Berkshire Hathaway HomeServices California Properties
Blockbuster producer Joel Silver is seeking a blockbuster sale in Brentwood, listing his Mexican modernist mansion for $75 million.
If Riley’s looking for something similar to his current home in Norman, Okla. — an ivy-covered brick manor that he’s shopping around for $2.1 million — Pasadena might be his best bet. The San Gabriel Valley city showcases plenty of stellar architecture, including the Gamble House, the Craftsman-style masterpiece that houses two USC students every year.
With a stately brick façade surrounded by flat, grassy lawns, this English-style manor sits on a knoll overlooking the Langham Hotel area. The house itself holds stylish spaces wrapped in wood, and the backyard adds a swimming pool, spa, gazebo, guesthouse and garden.
Price: $5.5 million
Address: 1425 Hillcrest Ave., Pasadena, 91106
Specs: Three bedrooms and five bathrooms in 5,208 square feet
Agent: Brent and Linda Chang of Compass
The owner of the largest modern home in America tells a bankruptcy court it plans to have a high-end auction house sell the Bel-Air property.
Although USC’s immediate vicinity doesn’t feature many homes for $6 million, Hancock Park has plenty of options and offers a relatively short commute. The affluent neighborhood lies within a historic preservation overlay zone, which protects architecturally significant areas, and Riley’s budget could buy a property with both space and architectural pedigree.
Once home to French fashion designer Christian Audigier, this dramatic mansion has stayed in touch with its over-the-top Old Hollywood style since it was built in 1925. A pair of stone elephants guard the entry, and the formal living spaces are designed for entertaining. Up top, a private balcony surveys a swimming pool lined with azure tile.
Price: $6.995 million
Address: 600 S. Muirfield Road, Los Angeles, 90005
Specs: Seven bedrooms and seven bathrooms in 8,276 square feet
Agents: Rory Posin and Kristian Bonk of RE/Max Estate Properties
In the priciest home sale in California history, billionaire Marc Andreessen has paid $177 million for the Malibu home of fashion mogul Serge Azria.
If Riley’s eyeing a place in the hills (and doesn’t mind descending the 101 Freeway every morning), money goes a bit further in Studio City than in the 90210 ZIP Code that sits just below. The San Fernando Valley neighborhood has plenty of luxury options, and $6 million can buy an estate on multiple acres.
This architectural farmhouse in Fryman Canyon Estates straddles the line of Studio City and Beverly Hills Post Office, offering a lush, secluded retreat on more than two acres. There’s something worth staring at in every single room, and outside amenities include a swimming pool, spa and playground.
Price: $5.94 million
Address: 3230 Iredell Lane, Studio City, 91604
Specs: Six bedrooms and five bathrooms in 5,350 square feet
Agents: Tara Teshinsky of Berkshire Hathaway HomeServices California Properties and Andrew Teshinsky of Rodeo Realty