Real Estate Tycoon Avi Mayer Buys Bob Hope Estate for $26M
Apartment actual estate mogul Avi Mayer has some massive footwear to fill, and a lot of new closets to set them in, at the Bob Hope estate in Toluca Lake he acquired for $26 million.
Mayer purchased the 5-acre estate manufactured famed by the London-born comic and his wife, Dolores, at 10346 Moorpark Avenue, Grime.com reported. The house was 1st shown for $29 million.
The seller was Billionaire trader Ron Burkle, who restored the 15,000-square-foot compound – and saved it from demolition. He bought it from a Hope belief in 2018 for $15 million. Two a long time earlier, he paid $13 million for the Hopes’ John Lautner-intended home in Palm Springs and restored that, way too.
The Mayer order ranks amongst the most high priced house buys in the San Fernando Valley, behind the sale of a 22,000-square-foot spec home in Calabasas in 2021 for $30 million.
Mayer, 35, launched Afton Qualities, which owns and manages a $1.2 billion portfolio of apartment buildings across Southern California. He’d absent into company as a teen via an not likely friendship with billionaire trader Charlie Munger, according to Bloomberg.
Hope’s 10-bedroom, 15-rest room home in Toluca Lake is where by the comedian, actor and dancer recognised for his machine-gun quips, along with his singer spouse, designed a legacy in the southeast Valley.
5 yrs immediately after Bob and Delores Hope married, they planted a stake in 1939 in Toluca Lake, then a rustic suburb for these types of stars as Bing Crosby, Frank Sinatra, W.C. Fields and Greta Garbo.
Around the years, the Hopes obtained additional and additional of the bordering land. These days, the 5-acre property is amongst the largest one-house qualities in Los Angeles.
The Hope property was made in 1939 in an English standard design and style by architect Richard Finkelhor, who also created properties for Barbara Stanwyck and Zeppo and Harpo Marx. About 1960, the pair tapped architect John Elgin Woolf, father of the Hollywood Regency design and style, to redesign the residence.
Bob Hope would travel his golf cart by means of the community to the Lakeside Golf Club, wherever he’d maintain court with stars of the Toluca Lake colony. His spouse Dolores would head down for each day Mass at St. Charles Borromeo Church.
During the decades, their tackle became well-known as a trick-or-take care of destination on Halloween, where the pair would hand out entire-dimensions candy bars, silver bucks and even Frisbees stamped with the encounter of the funnyman.
Bob Hope, a real estate trader who amassed 10,000 acres in the Valley for the duration of his life time, died in 2003. His spouse Dolores died at age 102 in 2011.
Their former estate has a most important home with six bedrooms and partitions of glass that seems out to the gardens. An open dwelling place with a stone-clad fire potential customers to a official eating space.
Highlights of the Hope Property contain a relatives space that qualified prospects into a gourmand kitchen, breakfast nook, catering kitchen, library, sport room and soaked bar, movie theater and gymnasium with a steam and infrared sauna.
A winding staircase heads upstairs, wherever six bedrooms involve a learn retreat with seating region, as nicely as twin dressing parts and baths.
The grounds include a two-bedroom apartment over a 4-vehicle garage and personnel quarters in the courtyard off the main residence. An additional restored building includes a tennis pavilion, industrial kitchen, security place of work, convention home and Hope’s personalized business office.
The assets, surrounded by towering trees, contains a saltwater pool, outside barbecue kitchen area and 1-gap golf class developed by Hope himself.
— Dana Bartholomew