Executive Home

In Beverly Hills, a Nineteen Thirties-Period Property Asks $17.995 Million

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A Nineteen Thirties-era property in Beverly Hills, Calif., is hitting the marketplace for $17.995 million.

The property was the longtime house of the late TV business government Douglas Netter and his spouse, Ann Giles Netter. The Netters paid $250,000 for the property in 1971, in keeping with property data. Mr. Netter died in 2017 and Ms. Netter died final yr, in keeping with their son Michael Netter, who’s promoting the property alongside together with his sisters. 

On the property, which spans just below an acre, is a roughly 7,100-square-foot, six-bedroom house, in keeping with Stephen Apelian of Coldwell Banker Realty, who has the itemizing with colleague Joyce Rey. The grounds additionally embody a pool, pool home and two-car storage, Mr. Apelian stated. 

The primary home was rebuilt after a fireplace in 2007, Michael Netter stated. His dad and mom spent about two years on the undertaking, and have been in a position to restore among the authentic house’s options such because the entrance door and inside millwork, he stated.

Marc Angeles/Limitless Model
Marc Angeles/Limitless Model
Marc Angeles/Limitless Model

The property additionally has a pool and pool home. Marc Angeles/Limitless Model (3)

Mr. Netter served as government vice chairman and COO of MGM Studios from 1970 to 1975, in keeping with his son. He additionally produced movies and tv reveals throughout his profession, together with the 1975 movie “Mr. Ricco” and the tv sequence “Babylon 5.”

Whereas rates of interest have been on the rise, stock remains to be low in Beverly Hills, Mr. Apelian stated. In June, the median itemizing worth in Beverly Hills was $5.8 million, up 30.9% from the identical time final yr, in keeping with Realtor.com. (Information Corp, father or mother of The Wall Road Journal, operates Realtor.com.)

Write to Libertina Brandt at [email protected]

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