This LA property is famous for all the wrong reasons. It’s a fixer-upper for sure and recently sold for half its expected sale price. With a final sale price of roughly $140 million dollars, including the winning bid plus commissions and fees, as reported by theGuardian.com, this property has a movie theatre and sadly has the distinction of being unlivable. It has all the hilltop look of a 21st-century grandchild to the Ennis House in Los Feliz but with way more pools and parking. These mansions over the top size and Belair address could not make up for the unfinished habitation certification. Hopefully, someone with deep pockets will step in to show it the love it needs to be finished.
#megamansionflops #lafixerupper
How would you tackle a fixer-upper job like this mansion? #comment
Mills Act Properties tend to be historic or owned by famous people. Fill out the online form to see if there is one available for you.
Once this place gets fixed up and owned by someone famous it could eventually become historic and might even qualify as a Mills act property if it is properly listed. We recently reported on a beach house owned by Betty Davis that is also a Mills Act property. On a smaller scale, DTLA has many Mills act loft buildings that qualify for Mills Act status.
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Copyright © This free information provided courtesy L.A. Loft Blog with the information provided by Corey Chambers, Realty Source Inc, DRE 01889449; MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association, or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com, Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties are subject to prior sale or rental. This is not a solicitation if the buyer or seller is already under contract with another broker.