A Holmby Hills mansion tied to one of Los Angeles fashion’s most prominent families is back on the market as it tries another price on for size.
The Azria Estate at 10250 West Sunset Boulevard, which has been on and off the market for the better part of a decade, once asked for as much as $88 million. It more recently reentered the Los Angeles real estate market with a $39 million asking price, after last being listed for $55 million in 2023.
The re-list comes after seller Lubov Azria, who owned the property with her late husband and BCBG founder Max Azria, placed the home on the auction block last May. Auctioneer Concierge Auctions estimated in the lead up to the sale the starting price could be as much as $38 million.
Lubov Azria did not immediately respond to a request for comment Wednesday on the listing.
A legal tussle arising after the auction’s close has since stymied any movement on a sale of the property, which even Jennifer Lopez had been reportedly eyeing in the fall.
Ron Burkle, founder of private equity firm Yucaipa Companies, claimed in a Los Angeles Superior Court lawsuit last June that his $30 million offer was the highest bid, but Azria “refused to complete the sale except on additional terms.”
Aaron Gordon, general counsel for Concierge Auctions, confirmed in a declaration filed in court Burkle had the winning bid but did not sign the sale agreement or pay the 12 percent escrow deposit within the two-business-day deadline. The tardiness caused Burkle to be in default.
Burkle is now on the hook to pay a little over $36,000 for Azria’s attorney fees and other lawsuit-related costs, a judge ordered in September. Three months later, Burkle filed to drop his lawsuit.
With the legal row out of the way, Azria will now try her hand once again at finding a buyer. She tapped The Beverly Hills Estates’ Branden Williams and Rayni Williams to market the property, which sits on a nearly 3-acre lot.
The agents did not respond to a request for comment Wednesday on the re-listing or the new price.
The Azria Estate counts a total of 60 rooms, including 14 bedrooms and 25 bathrooms.
The sizable property has been used to host Oscar parties, charity gatherings and other events.
Built in 1939, the Paul Williams-designed Colonial consists of a main house and a separate 5,500-square-foot theater and game room. Outdoors is a tennis court, infinity pool, sauna, gardens, team room and greenhouse.
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