Nickoloff paid $1.06 million for the property in Nov. 2006. The 3,245-square-foot house was built in 1926.
Shar Penfold of Coldwell Banker is the listing agent for the home.
Nickoloff is chairman at The Nickoloff Cos., a privately held company that operates companies in the hospitality and real estate industries. The company is based in Irvine.
He is also the founder of the Claim Jumper Restaurant chain, which was founded in 1977 and has locations in eight different states. He attended Long Beach State University.
According to BlockShopper.com, there have been 355 sales in Greater Mid-Wilshire/Hancock Park during the past 12 months, with a median sales price of $650,000.
Address: 339 South Orange Drive
Buyer(s): Craig W Nickoloff
Seller(s): Robert Ethan Wilson
Sale date: Nov. 2, 2006