This property’s got punch.
The Beverly Hills home of late Oscar-winning “Rocky” director John G. Avildsen has hit the market for $7.99 million, Variety reported.
Spanning nearly 4,000 square feet, the two-story residence includes six bedrooms, five bathrooms, a guest house with an en-suite bathroom, a swimming pool and a carved wood wet bar. Sweeping views of Downtown Los Angeles and Santa Monica surround the hilltop cul-de-sac property.
Marketing materials suggest the home could be redeveloped and expanded to nearly 8,620 square feet, while a new home as large as 9,500 square feet could be built on the biggest of the estate’s three parcels.
Avildsen and his wife at the time, actress Tracy Brooks Swope, purchased the property in 1987 for $1.18 million, property records show.
Paul Czako of Gussman Czako Estates has the listing.
Avildsen, best known for directing “Rocky” and the first three “Karate Kid” films, died in June at 81. He won the Best Director Academy Award for the 1976 Sylvester Stallone-penned classic. [Variety] – Natalie Hoberman