This week in La La Land, the rich and famous got down and dirty in the real estate trenches. Profits were aplenty, and a few shelled out the big bucks for new homes. Meanwhile, two new listings are sure to evoke some nostalgia: the former homes of Dean Martin and Groucho Marx both hit the market.
Los Feliz, get ready: Angelina Jolie has come to town. The actress closed on her purchase of the famed Cecil B. DeMille estate for $24.5 million last week, two months after it was rumored that she made a bid 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 abode, built in 1913, has six bedrooms, 10 bathrooms, a grand foyer, a formal living room and multiple fireplaces. Brett Lawyer and Rayni Williams of Hilton & Hyland shared the listing.
Groucho Marx once said, “While money can’t buy happiness, it certainly lets you choose your own form of misery.” The owner of his former home would certainly agree. Neel Devani, a financier turned real estate developer, bought the home on Sunset Plaza Drive for $3.45 million six months ago. Now he’s gunning for a tidy profit by listing it for $4.2 million — a 22 percent markup. Over the past few months, he restored the original herringbone wood floors throughout the 3,703-square-foot, four-bedroom home and gave it a Hollywood Regency look. Juliet Zacarias of Sotheby’s International Realty has the listing.
This former member of the Kardashian clan has his ex-wife’s eye for a deal. Kris Humphries, NBA star and former husband of Kim Kardashian, just sold his Beverly Hills digs for $8.25 million — that’s $2 million more than what he paid for it just two years ago. The 3,300-square-foot digs was even featured on an episode of “Million Dollar Listing Los Angeles.” The buyer was Neil Kanisha, a billionaire venture capitalist who married into 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 celebrity photographer unloaded his Laurel Canyon residence 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 backyard. Architect Josef Van der Ka designed the house, which was built in 1953.
Who wants honey when there’s a real estate opportunity? Billy Corgan, frontman of the Smashing Pumpkins, sold his Beverly Hills pad for $3.9 million Wednesday, netting a meager profit of $5,000 eight years after he bought it for $3.85 million. The 3,300-square-foot home on N. Beverly Drive comprises four bedrooms and three bathrooms. Joseph Babajian of Rodeo Realty had the listing. Susan Smith of Hilton & Hyland represented the unidentified buyer. Corgan is putting his money elsewhere these days — he reportedly agreed to buy the National Wrestling Alliance last month.
You’re nobody ’til somebody loves you, or until you have a sweet pad. A spec mansion on the site of Dean Martin’s former residence hit the market for $28 million. The style of the more than 10,000-square-foot home at 2002 Loma Vista Drive is reminiscent of the mid-century architecture from the original estate, but with a modern twist, its developer said. It comprises five bedrooms, 9.5 bathrooms, open-plan living areas, a full-size theater, and a gym. Jade Mills of Coldwell Banker has the listing.
Call it a phat find. The buyer of the $25 million mansion in Beverly Park Circle, it turns out, is model-cum-designer Kimora Lee Simmons. The Baby Phat creator and her financier husband, Tim Leissner, bought the gated 20,000-square-foot estate from Kathy Harouche, wife of textile mogul Michel Harouche and mother of celebrity stylist Simone Harouche. Sitting on a 3.8-acre lot, the colossal Mediterranean villa contains seven bedrooms and 11 bathrooms. It features a double-height foyer with marble floors, a paneled library, a home theater, a conservatory and multiple loggias and terraces outside. Kurt Rappaport of Westside Estate Agency had the listing.