Finding no takers for her Encino home, True Religion clothing line co-founder Kym Gold has trimmed the price of the East Coast-inspired Traditional to $9.495 million. That’s down half a million from its original listing price, records show.
That still leaves plenty of room to profit for the clothing entrepreneur. She bought it newly built in 2015 for $6.3 million, the Los Angeles Times previously reported.
Found in Royal Oaks, the home wears a stately exterior marked by a pitched roofline and navy-blue plantation shutters. Including the detached guesthouse, there are seven bedrooms and nine bathrooms spread across 8,500 square feet.
A winding staircase separates a chandelier-topped foyer from a formal living room with a fireplace. Other living spaces include formal and informal dining areas, a family room, gym and chef’s kitchen with exposed-beam ceilings.
Gold co-founded True Religion alongside her then-husband, Jeffrey Lubell, in 2002. The company declared bankruptcy last year alongside the closure of 27 stores.
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