The Holmby Hills home belonging to the late PR pioneer Carl Terzian received a price drop this week of $1 million. It was listed this week for $11.9 million, a drop from its original asking price last month of $12.9 million.
The 5,962-square-foot home has five bedrooms and six bathrooms. The kitchen features a hand-painted marble backsplash with a sink imported from France and a wet bar in the family room.
The 1953 estate on North Mapleton Drive first listed in December. Terzian purchased the property in 1994 for an undisclosed amount, according to property records.
Terzian was the founder of Westwood public relations firm Carl Terzian Associates, which worked with more than 5,000 companies and nonprofit organizations. The firm was also known for its high-profile networking events.
Terzian passed away at 80 last March and the firm closed its doors shortly after.
Antony Arkel of Rodeo Realty has the listing.