Investor and writer Howard Marks picked up an L.A. traditional this holiday season, plunking down $26 million to close on an 11,500 sq. ft. mansion in Holmby Hills in the second week of the month.

The 1937-built house features a façade with a brick exterior; roof dormers, a series of French doors, Juliet balconies, a bay window, and a recessed entry illuminated by a pair of lantern sconces are other details of the first impression. The paver courtyard segues into a lawn, where the centerpiece of the front landscaping, a raised circular planter, stands sentry to the side.

Within, the home shows both extensive renovation and period details. The harlequin marble tile foyer, the curving staircase that hugs a wall and rises to a second-floor balustrade overlook, the gray marble fireplace and the plank oak floors resonate as original, but it appears that a wall or two has been removed to open up the foyer, parlor and living room into a comprehensive living area.

A series of floor-to-ceiling built-in shelves and a second gray marble fireplace with a hearth step distinguish the media room—once a library—beyond. The living room extends into a lounge, where a moderne onyx-capped wet bar with antique stools is the star attraction; a conversation pit is the last stop before French doors open to reveal the outdoor living area.

There are nine bedrooms and nine baths in the home—including a two-fireplace second-floor master suite with an impressive terrace and outdoor living area—and it sits on grounds measuring about .75 acres. A pool, a large lawn, and a pool house complete a cursory look at this unusually expressive prewar property.

Marks is the co-founder of asset management firm Oaktree Capital Management. His net worth is around $2 billion. He is the author of three books, all related to investing. His latest is 2018’s Mastering the Market Cycle: Getting the Odds on Your Side.