Barry Bonds’ former Beverly Park mansion sells at 30% below asking
Chinese metals tycoon Diana Chen is estate’s 3rd owner in 5 years
Baseball slugger Barry Bonds was never traded in his 22-year major league career. His former Beverly Park estate, however, just traded for the third time in five years.
The Tuscan-style mansion sold to Chinese metals tycoon Diana Chen for $23 million, a 30-percent discount from its asking price, according to Yolanda’s Little Black Book. The 17,000-square-foot home on nearly 2 acres had been on the market for $33 million since August.
The sellers, Luo and Ruixie Huang, paid $26.5 million for the property in 2016.
Bonds, who played for the San Francisco Giants from 1993 to 2007, sold it to Russian businessman Alexey Kurochkin for $22 million in 2014. Kurochkin sold it two years later the Huangs, according to Yolanda.
It’s Chen’s third high-end residential purchase in Los Angeles in recent years, which could signal an investment play.
Chen comes from a politically connected and wealthy family involved in the metals and minerals industry. She made her own money through a metals company she founded in the 1990s. The firm imploded in 2010 but Chen amassed a fortune herself over the years and has recently been investing in U.S. real estate.
Last year, Chen opened an office for her holding company, Yintai Investment Company, in Beverly Hills.
The Beverly Park home was built in 1999 and has seven bedrooms and 10.5 bathrooms, a four-car garage, and many of the usual amenities seen in multimillion-dollar L.A. homes. Those include a theater, tennis court, and a large pool. [Yolanda] — Dennis Lynch