The entrance of Elvis Presley's former home in the hills between Bel Air and Beverly Hills. Photo courtesy of Zillow.

Elvis’ Former Mansion Sells for $30M

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Elvis Presley’s Holmby Hills mansion and an adjacent property just sold for $30 million. The seven-bedroom beauty was also once owned by actor Telly Savalas.

According to Mansion Global, reported buyers Ryan Hekmat and Jasmin Larian closed on the deal two weeks ago, shelling out $20 million on the home plus $9.3 million on a neighboring parcel, though these details are not yet available in online property records. Jasmin is the daughter of Isaac Larian, CEO of toy company MGA Entertainment, whose products include Bratz dolls and L.O.L. Surprise! dolls. If, like me, you do not have children, you may be surprised to learn that L.O.L. Surprise! dolls are small dolls kids unearth from several layers of packaging, essentially in the style of an unboxing video. You may be even more surprised to learn that, according to The Atlantic, over 800 million Surprise! toys were sold between 2016 and November of 2018 when the story was published. Jasmin is also the founder of chic clothing brand Cult Gaia.

The listing, via Hilton & Hyland, advertised the 9,756-square-foot property on Monovale Drive as having “unlimited possibilities.”

“A long private drive leads up to a motor court and a stately Tudor Revival house with leaded glass mullion windows, imposing archways and high-pitched roof,” the listing reads.

Amenities include a koi pond, tea house, tennis court, pool, pool house and detached guest quarters.

The home was built in the 1930s. Elvis and his wife, Priscilla, lived in the home with their daughter, Lisa Marie, in the early 1970s. According to an Elvis fansite, the Presleys took out a construction permit to renovate the home after purchasing it in December of 1970 for $339,000. Elvis spent a considerable amount of money making changes, though he didn’t stay there long, according to Mansion Global. After Elvis and Priscilla separated in 1972, Elvis moved into the Beverly Hills home he bought in 1967, while Priscilla stayed in the Holmby Hills mansion until she got a new place. Savalas purchased the home in 1975.

This former home of the King of Rock ’n’ Roll is, interestingly enough, just steps away from the home King of Pop Michael Jackson was renting when he died in 2009.

Los Angeleno