An architecturally significant California compound owned by Lorna Jane and Bill Clarkson, the husband-and-wife team behind the activewear brand Lorna Jane, is listing for $20 million.

In addition to a contemporary main house, the Pacific Palisades property includes an approximately 2,000-square-foot, circa 1948 home known as the Bailey House.

The Bailey House was designed by the late Modernist architect Richard Neutra as part of Arts & Architecture magazine’s postwar Case Study House Program.

The two-bedroom home has a quintessential midcentury-modern layout, with an open living room, dining room, and kitchen.

A large, floor-to-ceiling glass door slides open to the terrace and grounds outside.

Behind the historic home, which underwent a restoration by the architecture firm Marmol Radziner, sits the contemporary main residence.

Highlights of the three-bedroom dwelling include double-height ceilings, curved archways, and an expansive living room built for entertaining.

Altogether, the two houses span about 9,000 square feet with seven bedrooms, according to the listing agent, Jacqueline Chernov of Compass.

The property includes a koi pond, a wine cellar, a fire pit, a saltwater swimming pool and a hot tub.

Sources: WSJ  & Architectural Digest