This week at La La Land, the rich and famous began to get dirty in the property trenches. Profits were plentiful, and a few paid large sums for new homes. Meanwhile, two new listings are sure to evoke some nostalgia: the old houses of Dean Martin and Groucho Marx have both hit the market.
Los Feliz, get ready: Angelina Jolie has come to town. The actress closed her purchase of the famous Cecil B. DeMille estate for $ 24.5 million last week, two months after the rumor that she had made an offer on the 2.1 acre spread. The 11,000 square foot mansion hit the market in late March for $ 24.95 million. The Beaux-Arts style house, built in 1913, includes six bedrooms, 10 bathrooms, a large fireplace, a formal living room and several fireplaces. Brett Lawyer and Rayni Williams of Hilton & Hyland shared the list.
Groucho Marx once said: “Although money cannot buy happiness, it certainly allows you to choose your own form of misery.” The owner of his old house would certainly agree. Neel Devani, a financier who became a property developer, bought the house on Sunset Plaza Drive for $ 3.45 million six months ago. Now he is targeting net profit by listing it at $ 4.2 million – an increase of 22%. Over the past few months, he has restored the original herringbone wood floors in the 3,703 square foot four-bedroom home and gave it a Hollywood Regency look. Juliet Zacarias of Sotheby’s International Realty has the list.
This former member of the Kardashian clan has his ex-wife’s eye for a deal. NBA star Kris Humphries and former husband of Kim Kardashian just sold his Beverly Hills dig for $ 8.25 million, $ 2 million more than he paid just two years ago. The 3,300 square foot excavations were even featured in an episode of “Million Dollar Listing Los Angeles”. The buyer was Neil Kanisha, a venture capitalist who married the Nazarian family. Jason Oppenheim and Peter Cornell of the Oppenheim group represented Humphries in the sale. Oppenheim also represented the buyer.
Photographer Cliff Watts sold his house in a flash, so to speak. The famous photographer unloaded his Laurel Canyon home just two months after listing it for $ 4.5 million. Spanning 2,754 square feet, the house has four bedrooms and three bathrooms with a guest house overlooking a large Koi pond and a porch in the courtyard. Architect Josef Van der Ka designed the house, which was built in 1953.
Who wants honey when there is a real estate opportunity? Billy Corgan, leader of the Smashing Pumpkins, sold his Beverly Hills carpet for $ 3.9 million on Wednesday, making a paltry profit of $ 5,000 eight years after buying it for $ 3.85 million. The 3,300 square foot home on N. Beverly Drive has four bedrooms and three bathrooms. Joseph Babajian of Rodeo Realty had the list. Susan Smith of Hilton & Hyland represented the unidentified purchaser. Corgan is putting his money elsewhere these days – he reportedly agreed to buy the National Wrestling Alliance last month.
You are nobody until someone loves you, or until you have a candy. A mansion on the site of Dean Martin’s former residence reached the market for $ 28 million. The home style of over 10,000 square feet at 2002 Loma Vista Drive recalls the mid-century architecture of the original estate, but with a modern twist, said its developer. It has five bedrooms, 9.5 bathrooms, open-plan living areas, a large theater and a gym. Jade Mills of Coldwell Banker has the list.
Call it a phat discovery. It turns out that the buyer for the 25 million dollar mansion in Beverly Park Circle is Kimora Lee Simmons, model and designer. Baby Phat designer and her financial husband Tim Leissner bought the 20,000-square-foot closed estate from Kathy Harouche, wife of textile magnate Michel Harouche and mother of famous fashion designer Simone Harouche. Situated on 3.8 acres of land, the colossal Mediterranean villa has seven bedrooms and 11 bathrooms. It has a double height lobby with marble floors, a paneled library, a home cinema, a veranda and multiple loggias and terraces outside. Kurt Rappaport of Westside Estate Agency had the list.
