Monday, April 11, 2011

Film producer buys Studio City for $1.925M

Michael Charles Ohoven bought a five-bedroom, 5.5-bath home at 11247 Briarcliff Lane in Studio City from Allan C. Hochman for $1.925 million on March 10.



The 5,000-square-foot house was built in 1991.

Ohoven is a film producer and serves as the founder and CEO of Infinity Media. He formed Infinity Media in 2000. He learned financing and institutional investment at the prestigious Commerzbank and at the family's investment bank. He previously worked with the International Corporate Affairs division of RTL Television. He studied economics and business administration at one of Germany's leading universities.




His films have already been honored with five Academy Award nominations and one win. He is one of the youngest ever Oscar-nominated producers, and in 2006, The Hollywood Reporter named him one of Hollywood's "Most Prolific Producers."

According to BlockShopper.com, there have been 383 home sales in Studio City during the past 12 months, with a median sales price of $700,000.