LeBron James recently finalized the purchase of his third residence in Los Angeles, a sprawling 13,000-square-foot estate nestled in Beverly Hills. The acquisition was made at a price of $36.75 million, slightly below the initial asking price of $39 million.
Dating back to the 1930s, this historic estate in Beverly Hills has a storied past. Previously owned by Lee Phillip Bell, who recently passed away, the property gained renown for its association with the beloved soap operas “The Bold and the Beautiful” and “The Young and the Restless,” which Bell co-created with her late husband William Bell. Prior occupants of the mansion include actor Charles Boyer and Howard Hughes, who famously leased it to Katharine Hepburn, Hughes’ former romantic partner.
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In addition to two guesthouses, four bedrooms, and seven restrooms, the residence features a tennis court and movie theater. It features views of both Beverly Hills and the Pacific Ocean and is situated on 2.5 acres. James is probable to demolish the residence and construct an expansive new estate.
In Los Angeles, now is an excellent moment to be a seller. A year ago, the median home value increased by 7.4%, as reported by Zillow. The organization foresees an additional increase of 5.9% over the next twelve months.
Observe an interior examination of the property below. At least for the time being that it remains upright.
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