Johnny Depp and Mandel’s home in Brentwood
In July, Joel Mandel and his management company settled a $25 million lawsuit that former client, Johnny Depp, had brought against them.
In January, Mandel sold his Brentwood estate in a deal that was just recorded last week.
Mandel unloaded the 8,000-square-foot home for $19.4 million, records show. The home at 1647 Mandeville Canyon Road has five bedrooms, six bathrooms, a large pool, and a guesthouse. He purchased it in 2015 for $17 million.
The buyer was David G. Brown. He paid $400,000 more than the asking price, according to records. Judy Feder of Hilton & Hyland had the listing, while Elisabeth Halsted of Berkshire Hathaway represented Brown.
In 2017, Depp sued Mandel and his company, Beverly Hills-based Management Group, alleging “gross misconduct,” the suit claimed. The parties settled last year.
Depp alleged that Mandel — who founded the firm with his brother Robert — and the company pocketed $28 million in unnecessary fees, failed to pay Depp’s taxes on time, and loaned out around $10 million of the actor’s money without his permission.
Though the terms of the settlement were not disclosed, the suit shed light on Depp’s vast real estate holdings.
In a countersuit Mandel and his company filed against Depp, he accused the “Pirates of the Caribbean” star of failing to pay back a $5 million loan the Management Group provided him in 2012 to avoid defaulting on a mortgage for a Hollywood Hills property. Mandel later foreclosed on the property.
Mandel also said Depp had spent $75 million over the years on 14 houses. That included five neighboring homes in the Hollywood Hills. News broke shortly after Depp filed the suit that the actor was trying to connect those houses by building underground tunnels to avoid paparazzi.
Depp has shed some of his properties. Later in 2017, he sold the last of a five-unit penthouse assemblage at the Eastern Columbia Building in Downtown L.A.