Villaraigosa buys in Beachwood Canyon for $2.5 million

villaraigosa-home.jpgFrom the real estate listing

Former mayor Antonio Villaraigosa has closed escrow on $2.5 million home on Creston Drive in the Hollywood Hills. The sale was reported by the LA Times Hot Property column, which doesn't get into the obvious question: How does a politician who left office in 2013 with his friends saying he had no assets to his name buy a $2.5 million home? That's a big down payment or a big mortgage or both. Villaraigosa has had some consulting gigs and gets a public pension previously reported as about $97,000 a year. Last month he announced he would not be running for U.S. Senate next year, and speculation is that he will look at running for governor in 2018.

Creston-Dr-ext.jpgThe street is one ridge west of North Beachwood Drive. The 3-bedroom, 4-bath contemporary home has 3,600 square feet and views of the city and the Hollywood sign — "300% views," the real estate listing says. LA Weekly says Villaraigosa bought the home, built in 1977, from Vance Lorenzini, "a music video producer who won MTV Video Music Awards for art direction in Madonna's 'Express Yourself' and Aerosmith's 'Livin' on the Edge.'"

The listing agent made a video of the property showing the inside and the views:

From the listing:

Imagine every iconic Los Angeles view from your very own home….This tastefully renovated modern retreat offers sweeping views from every room and no detail has been overlooked by the custom designs of Vance Lorenzini. Sun-filled and boasting a seamless indoor-outdoor flow this is California living at its finest! Enjoy stellar views from the gracious gallery-like family room leading to a private art studio/office, 2 guest bedrooms with patios + large laundry room. Upstairs you are greeted by impressive panoramic views, soaring ceilings with Bristol Light skylights, blonde wood floors, open living area featuring a pass-thru fireplace into the dining area, the master retreat, plus patios access via pocket Fleetwood doors. Enjoy home cooked meals in the Bulthaup cook’s kitchen with Gaggenau range, convection+steam oven plus custom cabinetry integrating the SubZero ref.

Breathe in this beautiful setting as is by utilizing the lower patio with artists retreat & upper deck with fire pit, or employ the plans for a custom lap pool to complete this modern sanctuary. Close to Beachwood Canyon Village, major studios, and more this is the dream home you never knew existed!

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