Description
CH. 7 BANKRUPTCY TRUSTEE SEEKS TO SELL THE PROPERTY SUBJECT TO OVERBID ON September 14th, 2021 at 11:00AM, Courtroom 1368, 255 E. Temple Street, LA CA 90012. THE MINIMUM OVERBID SHALL BE $48,000,000. BID MUST BE IN WRITING AND RECEIVED BY TRUSTEE OR COUNSEL ON OR BEFORE 5PM PST, September 10, 2021. THE COURT SHALL DIRECT AND PRESIDE OVER THE AUCTION AT THE HEARING. ANY OVERBID AFTER THE BASELINE BID SHALL BE IN INCREMENTS OF NO LESS THAN $100,000. THE BID SHALL PROVIDE EVIDENCE OF SUFFICIENT FUNDS TO COMPLETE THE TRANSACTION. One of LA's most iconic and legendary homes. The Hearst Estate was built in 1926 and is a prized property for collectors of fine architecture. As the former residence of newspaper magnate William Randolph Hearst, actress Marion Davies, and even used as a honeymoon hideaway for The Kennedys, The Hearst Estate is anchored in American Legend and is a one-of-a-kind home. Set at the end of one of the city's longest private driveway, this stunning estate pays tribute to its architect, Gordon Kaufman. The main house has 9 bedrooms and 15 bathrooms and enjoys a seemingly endless list of opulent living spaces. A formal living room is set under a soaring 22 ft arched hand-painted ceiling, a historic 2-story wood-paneled library, plus a billiards room w/fireplace reminiscent of Hearst Castle, an art-deco nightclub, 2 projection/screening rooms, grand state public rooms, and entertaining areas that can accommodate 1,000 guests. Complimenting the main house, the ancillary improvements include 2 staff/guest apartments, a pool house, a tennis pavilion, and a two-story 5 bedroom gatehouse. All this is set on 3.5 acres of private grounds with sun-soaked terraces, lawns, waterfalls & Olympic sized pool.
