Jeffrey Gundlach House: Inside His Homes Then and Now

The Jeffrey Gundlach house once sat in Santa Monica, California, a five bedroom Mediterranean home he bought in 1997 for 1.56 million dollars. After a 2012 art heist there, the DoubleLine Capital founder moved north to a gated 11,500 square foot estate in Pacific Palisades, which he bought for 15.35 million dollars in 2013.

Jeffrey Gundlach built his name as one of the most watched bond investors in the country. People search for his home for a simple reason. His real estate story includes a Hollywood-style burglary, a switch to a more secure neighbourhood, and a collection of art worth tens of millions of dollars. This article walks through both properties, the crime that pushed him to move, and what his real estate choices say about his net worth today.

Where Is the Jeffrey Gundlach House Located Now

Gundlach’s current home sits in Pacific Palisades, a gated coastal community between the Santa Monica Mountains and the Pacific Ocean. The area is known for privacy, mature landscaping, and homes set well back from the street.

He purchased the property in 2013 for 15.35 million dollars, moving roughly five minutes north of his previous address. The home spans about 11,500 square feet, giving him far more space than his earlier Santa Monica residence. Real estate agents who track the enclave say comparable homes there now sell well above 20 million dollars.

Gundlach chose the location for a clear reason: security. His prior home had already been targeted once, and Pacific Palisades offered gated access and more distance from public streets. If you are curious how other high-profile investors and athletes made similar moves for privacy, the Terry Pegula house is a useful comparison, since the Buffalo Bills owner also built his current estate with security and privacy as top priorities.

Inside Gundlach’s Former Santa Monica Estate

Before Pacific Palisades, the Jeffrey Gundlach house was a Mediterranean-style home in Santa Monica, built in 1995. Gundlach bought it in 1997 for 1.56 million dollars, years before DoubleLine Capital made him a household name in bond markets.

The property included:

Five bedrooms and five bathrooms; over 4,600 square feet of living space; a two-car garage; a kitchen with a large island, stone countertops, and detailed lighting fixtures

The home sat on the edge of a Santa Monica canyon, in a neighbourhood known for its quiet, tree-lined streets. Gundlach’s neighbour at the time was singer Stevie Nicks, which gives some sense of the calibre of the block. Inside, the house doubled as a private gallery. Gundlach filled it with pieces by Andy Warhol, Piet Mondrian, and Willem de Kooning, alongside one painting by his own grandmother, Helen Fuchs.

He eventually sold the Santa Monica home in 2014 for 4.2 million dollars, more than doubling his purchase price. For readers comparing celebrity home values across markets, the Erin Andrews house offers a similar example of a public figure’s property appreciating well beyond its original purchase price over time.

The 2012 Art Heist That Changed Everything

The event that most people associate with the Jeffrey Gundlach house is the burglary of September 2012. While Gundlach was travelling in New York, thieves broke into the Santa Monica home sometime between September 12 and September 14 and made off with an estimated 10 million dollars in stolen goods.

The haul included several major paintings, rare wine, designer watches, and Gundlach’s 2010 red Porsche Carrera 4S. Among the missing works were a Piet Mondrian painting and a piece by Jasper Johns. Gundlach responded with an unusually large reward, adding a million-dollar bounty for the Mondrian and a 500,000-dollar bounty for the Johns on top of an existing 200,000-dollar general reward.

Santa Monica police, working with the Pasadena Police Department, tracked much of the art to an auto stereo shop in Pasadena within weeks. Six people were eventually charged. Darren Agee Merager, identified as the mastermind, was sentenced to four years in prison in 2014 for stealing items valued at more than 3.2 million dollars. Gundlach later said he helped investigators by pointing out that one stolen painting, signed with an uncommon name, belonged to his grandmother rather than a famous artist, which made it easier to trace through pawn shop listings.

The burglary is the single biggest reason Gundlach eventually left Santa Monica. Losing millions in art, plus a prized car, made the case for a more secure property hard to ignore.

Why Gundlach Left Santa Monica for Pacific Palisades

Gundlach did not move immediately after the 2012 burglary, but the incident clearly shaped his next real estate decision. By 2013, he had purchased the Pacific Palisades property, and by 2014 he had sold the Santa Monica house for good.

The new home gave him several practical upgrades:

A gated setting with tighter perimeter control; more square footage to display his growing art collection; greater distance from public roads and foot traffic; a location still close to his Los Angeles business connections

Gundlach has continued adding to his art collection since the move, with reported holdings from artists including Jeff Koons, Clyfford Still, and Cy Twombly. Security at the current property reportedly includes guards, a change from his more open Santa Monica setup. If you are interested in how other wealthy homeowners approach layered security on a large estate, the William Proctor house is worth a look for a similar case study.

Jeffrey Gundlach Net Worth and Property Portfolio

Gundlach’s home choices track closely with his career at DoubleLine Capital, the bond fund he founded in December 2009 after leaving TCW Group. Forbes placed him at number 2481 on its 2026 Billionaires list, with DoubleLine reported to manage roughly 91 billion dollars in client assets.

The Los Angeles Business Journal put his net worth at 1.7 billion dollars in its 2024 wealthiest Angelenos ranking, noting that DoubleLine’s assets under management had slipped from 96 billion dollars in August 2023 to 91.6 billion dollars by the following year. DoubleLine has since relocated its headquarters from Los Angeles to Tampa, Florida, though Gundlach has kept his home base in California.

PROPERTY PURCHASED PRICE SIZE STATUS Santa Monica estate 1997 1.56 million dollars 4,600+ sq ft Sold in 2014 for 4.2 million dollars Pacific Palisades estate 2013 15.35 million dollars ~11,500 sq ft Current primary residence

Gundlach’s wealth comes mainly from management fees at DoubleLine, along with his personal investments in fixed income markets. His art collection, valued in the tens of millions of dollars, adds another layer to his overall net worth and explains why security has become such a central part of his real estate decisions.

Jeffrey Gundlach House FAQs

Where does Jeffrey Gundlach live now?

Gundlach lives in a gated estate in Pacific Palisades, California, which he purchased in 2013 for 15.35 million dollars.

Why did Jeffrey Gundlach move from Santa Monica?

A 2012 burglary at his Santa Monica home resulted in the theft of an estimated 10 million dollars in art, wine, watches, and a car. The break-in pushed him toward a more secure property.

How much did Jeffrey Gundlach sell his Santa Monica house for?

He sold the Santa Monica home in 2014 for 4.2 million dollars, after buying it in 1997 for 1.56 million dollars.

How big is Jeffrey Gundlach’s current house?

His Pacific Palisades estate is approximately 11,500 square feet, more than double the size of his former Santa Monica home.

What is Jeffrey Gundlach’s net worth?

Estimates place his net worth around 1.6 to 1.7 billion dollars, with Forbes ranking him on its 2026 Billionaires list based largely on his ownership stake in DoubleLine Capital.