James McClain Oaktree Capital co-founder Howard Marks and his wife Nancy have added to their already astonishing array of luxury homes with the $26.2 million purchase of an Old Hollywood-style mansion in L.A.’s Holmby Hills neighborhood, this one an elegant 1930s traditional set behind gates and exceedingly tall hedges.

The 74-year-old Manhattan native, who is frequently considered one of the globe’s most admired investors, now flaunts an address on one of the city’s most prestigious streets, with neighbors who include Diddy, Jimmy Iovine, and Sir Ridley Scott.Marks acquired the property from Kristin Tutor, daughter of construction magnate Ron Tutor and the younger sister of “Million Dollar Listing” cast member Tracy Tutor, who held the.

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