Shonda Rhimes sells Hancock Park home, and even when she loses she wins

The star TV producer unloaded 1 of her 4 homes in the area after having to drop the asking price, but still making a tidy profit from what she paid

Sep.September 11, 2019 03:21 PM
Shonda Rhimes (Credit: Getty Images and iStock)
Shonda Rhimes (Credit: Getty Images and iStock)

Most everything Shonda Rhimes has touched has turned to gold, but the mega-producer and writer’s substantial creative cache wasn’t enough to net the asking price on her Hancock Park home. Still, she managed to make a tidy profit on the deal.

Rhimes, the driving force behind “Grey’s Anatomy” and “Scandal,” sold her 8,300-square-foot house for $7.1 million, according to the Los Angeles Times.

On the market for nearly a year, the closing price was nearly 30 percent below its $9.9 million asking. The 1920s property had already been reduced to $8.8 million in May.

But the sale price was also about 25 percent over the amount she paid nearly a decade ago.

The traditional-style home includes six bedrooms, nine bathrooms with perks including a swimming pool and cabana.

Rhimes, who recently agreed to a multi-year development deal with Netflix reportedly worth $150 million, purchased the mansion in 2010 for $5.6 million from indie rocker Beck.

Homes on the market, and which are or have been owned by celebs have had mixed success in celebrity-filled Los Angeles. Couple that with a slowing L.A. luxury market, and it becomes even tougher to market a home on the basis of its star power.

Rhimes, on the other hand, appears to have a particular affinity for where she lives. She has purchased four homes in Hancock Park, including an Elmer-Grey designed Italianate villa she bought from TV actress Patricia Heaton in 2014 for $8.8 million and a traditional English Country home she shelled out for $4.6 million in 2017.
Ed Solorzano of Berkshire Hathaway HomeServices California was the listing agent. Joshua and Matthew Altman of Douglas Elliman represented the unnamed buyer. [LAT]Alison Stateman 

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