Tuesday, January 29, 2013

Irving Azoff Shakes Up Real Estate Portfolio

A well-connected real estate canary we'll call Aston Martin recently sent Your Mama a covert communique to let us know that word on the Platinum Triangle real estate street is that music industry veteran Irving Azoff and his missus Shelli are in the mood to shake up their extensive property portfolio.

In case any of y'all don't know, Mister Azoff was named by the folks at Billboard as the most powerful person in the music industry for 2012. Not only has he represented the professional interests of an almost endless list of high profile recording artists and groups such as Christina Aguilera, Guns N' Roses, Morrissey the Eagles, Seal, Van Halen, Neil Diamond and New Kids on the Block, until the end of 2012 he was the Executive Chairman of the music industry juggernaut now known as Live Nation Entertainment.

Mister and Missus Azoffs recently sold an ocean front house on swanky Carbon Beach for $10,000,000 to an obviously very successful attorney and now—according to our Mister Martin—the couple are seriously considering coughing up around $16,000,000 to acquire a one story contemporary villa next door to the Playboy Mansion in the hoity toity Holmby Hills 'hood. The property is currently listed at $18,500,000.

The reason for the purchase, according to our Mister Martin, is that the pecunious pair need a plush place to temporarily reside while their posh primary residence—a hulking, 12,600-plus square foot Tudor-style pile in Beverly Hills*—gets a multi-year make over.

Listing information shows the 9,632 square foot contemporary Mediterranean villa the Azoff's are thinking of acquiring was originally built in 1932, sits on 1.49 meticulously manicured acres and has five bedrooms and seven bathrooms including a master suite with dual bathrooms. Listing information goes on to indicate there's a staff suite and an attached wing that contains a family room, office and three more guest bedrooms with en suite bathrooms. The property also has a full-sized gym with bathroom, swimming pool with pool house and a separate guest house with living room and kitchen.

Property records reveal the seller is businessman John Pourmoradi who earned his fortune primarily distributing wholesale merchandise to discount, drug and dollar stores and purchased the property way back in August 1998 for $4,000,000.

A little peeping and poking around various property record data bases shows that in addition to their 1932 Tudor in Beverly Hills Mister and Missus Azoff's fat property portfolio still includes—but is not limited to—a 12-plus acre spread in the mountains above Malibu, a couple of houses in La Quinta, CA including a recently erected 17,000-plus square foot residence on 1.52 golf course fronting acres in the guard gated Madison Club community in La Quinta, CA and a ski chalet on six-or-so acres in Snowmass, CO.

Now children, use yer noggins. We haven't any reason to doubt the intel provided by Aston Martin but for now this ain't nuthin' but some high-priced conjecture and rumor at this point, okay?

*Fun but useless real estate tidbit: It was at Mister and Missus Azoff's Beverly Hills estate where Khloe Kardashian wed L.A. Laker Lamar Odom in September 2009.

listing photos: Coldwell Banker

16 comments:

Anonymous said...

Mama, please correct me if I am indeed wrong, but i do believe this guys Tudor in Beverly Hills was built by Hilda and sugar daddy Boldt before he died and she moved over to Bel Air and built that house on Bellagio.
True? No?

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Anonymous said...

5:57, you're wrong. The Boldts built what is now the Harvey Mudd estate just up Benedict Canyon

lil' gay boy said...

Quite an odd pastiche of MCM & Mediterranean; the whole is indeed less than the sum of the parts. And it seems the height of hubris to include this quote in the listing:

“All architecture is shelter, all great architecture is the design of space that contains, cuddles, exalts, or stimulates the persons in that space.” (Philip Johnson)...

Fronting on Sunset doesn't add any cachet, either; but it is just a tad pricey for a teardown.

Anonymous said...

Hey Mama!

Forbes is saying that Masayoshi Son is behind the $117 million deal in Woodside.

Anonymous said...

By looking at aerial photos there was a tennis court and a different pool on the property as recently as 2004. I'm not a fan of tennis courts but I'm sure they're not cheap to take out.

Anonymous said...

"considering coughing up?" your sources are good Mama if they know what has not even been offered.

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