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Wednesday, February 27, 2013

The Storied Beverly House in Beverly Hills Up for Rent for $600,000 a month

The Storied Beverly House in Los Angeles Up for Rent for $600,000 (House of the Day)


By Cristin Zweig

The Beverly House, the iconic estate that was the former residence of William Randolph Hearst, Marion Davies, and the honeymoon hideaway of Jacqueline and John F. Kennedy, is back on the market, this time as a $600,000-a-month rental. Formerly listed for sale for $95 million and then for rent at $500,000 a month, the home is now demanding more for anyone who wants to call this iconic and storied residence home. Worth the price? You can't put a price tag on history and infamy, so let's look at the numbers.

The estate has 29 bedrooms, 40 bathrooms and sits on 3.7 acres, just three blocks away from Sunset Boulevard in Los Angeles. The mansion also has a nightclub, a cinema, a living room with 22-foot ceilings, two tennis courts, a 75-foot-long pool and an outdoor seating terrace that can host 400 sit-down guests. The property also has two separate guesthouses and a two-bedroom apartment.

Beverly House may be notorious in the high-priced real estate world, but it's also famous after appearing in the movies "The Godfather" and "The Bodyguard." In 2012, the property was listed at $95 million. A massive sum, but much less than the $165 million it was listed for in 2007. According to the Los Angeles Times, the Beverly House's current owner, Leonard M. Ross, purchased the mansion in the 1970s and refurbished and expanded the estate, including buying back the adjacent property which was sold off after Hearst's passing in 1951. Recently, Mr. Ross ran into financial difficulty and filed for bankruptcy protection, thus prompting his desire to sell or lease out this prized property. Hilton & Hyland has the listing.

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See more on Trulia's Luxe Living blog.

The Storied Beverly House in Beverly Hills Up for Rent for $600,000 a month

Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale

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