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.
Jim Bartsch
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.
Jim Bartsch
Jim Bartsch
Jim Bartsch
Jim Bartsch
Jim Bartsch
Follow me on Twitter. Send me a secure tip. I’ve been a reporter at Forbes since 2016. Before that, I spent a year on the road—driving for Uber in Cleveland, volcano climbing in Guatemala, cattle farming in… Read MoreI’ve been a reporter at Forbes since 2016. Before that, I spent a year on the road—driving for Uber in Cleveland, volcano climbing in Guatemala, cattle farming in Uruguay, and lots of stuff in between. I graduated from Tufts University with a dual degree in international relations and Arabic. Feel free to reach out at [email protected] with any story ideas or tips, or follow me on Twitter @Noah_Kirsch. Read Less
