After his recent Beverly Hills estate sale to Jeff Bezos for a California record $165 million, multi-billionaire movie mogul David Geffen has chosen to “downsize” by purchasing a nearby compound that proudly exudes Old Hollywood relations.
The Los Angeles Times declared early whispers of the upcoming sales, and now sources say the deal is wrapping up. The reduced price tag, thought to be over $60 million, is dramatically less than the previous $82.5 million ask and half of the zealous $125 million pricetag the property initially showcased way back (feels like decades) in autumn 2018.
And yet even with all these considerations, the close still lists within the juiciest deals ever placed in the city of Beverly Hills.
The 3.3-acre property lies on a knoll just north of Sunset Boulevard
It consists of three interlocked lots, one previously owned by Frank Sinatra and the other two by Hollywood mogul Lew Wasserman, who lived for ten’s of years in a midcentury modern home on the property.
Present-day, however, those classic houses are long gone. Instead, new, much larger moderns mansions claim the land.
The estate’s seller was Hollywood royalty Casey Wasserman, Lew’s grandson and principal heir, as well as the chairman of the Los Angeles 2028 Olympic committee.
Young Wasserman acquired the estate early on, flattened his grandfather’s buildings, and hired Pritzker Prize-winning architect Richard Meier to design a new, more prestigious house fit with all the modern accessories today’s billionaire resident desires.
Completed in 2016 structured with 18,000 sq ft of wood, glass, stone and metal.
6 bedrooms, 16 bathrooms. 4-car garage, a substantial motorcourt for large events.
Peek-a-boo views (throughout the estate’s Thick treeline) of the Downtown L.A. skylines and Century City’s cityscape, as well as the L.A. basin.
Inside the house
Contemporary aesthetic, clean lines, atrium-like living spaces. A great room with disappearing walls of glass allowing access to a sprawling lawn. In the backyard, an 85-foot infinity pool and adjacent poorhouse frame the idyllic spot.
The residence’s amenities include an elevator, automated steel-and-glass doors, an art studio, a gym and a screening room. Geothermal system for heating and cooling needs to mitigate the property’s substantial carbon footprint.
This new Beverly Hills house is now included in Geffen sprawlng arrays of other residences, including a $54 million penthouse on Manhattan’s Fifth Avenue and a $70 million estate in the Hamptons. And the Rising Sun, a $590 million, 453 ft. superyacht where he regularly entertains dozens of famous friends.