LeBron James Acquires Third Los Angeles Residence: A Historic Beverly Hills Mansion
Los Angeles, CA — NBA icon LeBron James has expanded his Los Angeles real estate portfolio with the recent acquisition of a 13,000-square-foot mansion in the prestigious Beverly Hills neighborhood. The basketball superstar secured the property for $36.75 million, slightly below its initial listing price of $39 million.
Built in the 1930s, the estate once belonged to the late Lee Phillip Bell, renowned for co-creating beloved soap operas such as The Bold and the Beautiful and The Young and the Restless with her late husband, William. Previously, the mansion had notable owners, including actor Charles Boyer and aviation tycoon Howard Hughes, who once leased it to legendary actress Katharine Hepburn.
The luxurious residence, set on 2.5 acres, features four bedrooms, seven bathrooms, and two guesthouses. Among its impressive amenities are a tennis court, a movie theater, and breathtaking views encompassing both Beverly Hills and the Pacific Ocean. Given James’s penchant for grandeur, it is anticipated that he may opt to demolish the existing structure to create an even more expansive estate.
The King’s New Castle: LeBron James just closed on this Los Angeles residence.
JIM BARSTCH
LeBron James closed on his third home in Los Angeles this week, a 13,000-square-foot mansion in Beverly Hills. He paid $36.75 million, slightly below the original listing price of $39 million.
The property, built in the 1930s, belonged to the estate of Lee Phillip Bell, who died earlier this year and was best known for co-creating the soap operas The Bold and the Beautiful and The Young and the Restless with her late husband, William. It was previously owned by other celebrities, including actor Charles Boyer and Howard Hughes, who leased the mansion to his onetime lover Katharine Hepburn.
The home boasts four bedrooms, seven bathrooms and two guesthouses, along with a tennis court and movie theater. It sits on 2.5 acres and has views of both Beverly Hills and the Pacific Ocean. James will likely tear the house down and build a new, larger estate.
It’s a good time to be a seller in Los Angeles. The median home value is up 7.4% in the past year, according to Zillow. The company predicts an additional 5.9% climb in the coming 12 months.
Below, take a closer look inside the property. At least while it’s still standing.
The timing of James’s latest real estate venture aligns favorably with the thriving Los Angeles property market. According to Zillow, the median home value has surged by 7.4% in the past year, with a projected additional increase of 5.9% in the next 12 months. James’s acquisition adds to the list of high-profile transactions contributing to the robust seller’s market in the City of Angels.
As LeBron James continues to make his mark on and off the court, his new Beverly Hills residence stands as a testament to his prominence in both the sports and real estate arenas. While the property currently stands as a piece of Los Angeles history, speculations arise about the transformative plans the basketball legend may have for the estate in the near future.