Herrmann and Way acquired the property for $3.3 million in Aug. 2006. The 1,585-square-foot house was built in 1951.
Herrmann is a certified public accountant and senior managing director at Starr & Co. LLC in Los Angeles.
He attended the State University of New York in Albany.
According to BlockShopper.com, there were 392 home sales in the Pacific Palisades in 2008, with a median price of $1.9625 million.
Address: 230 Arno Way
Buyer(s): Arno Way (Trust) and Arnie Herrmann (Trustee)
Seller(s): Wright (Family Trust), John M Wright (Trustee) (Trustee), Robert H Wright, Survivors Wright (Trustee) (Trust) and William B Wright
Sale date: Aug. 21, 2006