This week marked the closing of LeBron James’ third residence in Los Angeles, a stunning 13,000-square-foot estate located in Beverly Hills. The basketball superstar acquired the property for $36.75 million, slightly below the initial asking price of $39 million.

Dating back tо the 1930s, the estate has a rich histоry. It was previоusly оwned by Lee Phillip Bell, whо gained fame fоr her cоllabоratiоn with the late William Bell оn the icоnic sоap оperas The Bоld and the Beautiful and The Yоung and the Restless. Nоtable fоrmer residents include actоr Charles Bоyer and Hоward Hughes, whо leased the mansiоn tо Katharine Hepburn, Hughes’ fоrmer lоver.

Aside from its historical significance, the mansion boasts numerous luxurious features. With two guesthouses, four bedrooms, seven bathrooms, a tennis court, and a movie theater, it offers ample space and entertainment options. Additionally, the property offers breathtaking views of both Beverly Hills and the Pacific Ocean, situated on an expansive 2.5-acre lot.

It is anticipated that LeBron James will opt to demolish the current residence and build a new, expansive estate in its place. In the current Los Angeles real estate market, selling properties is highly favorable, with Zillow reporting a 7.4% increase in median home values over the past year. The organization also predicts a further 5.9% increase in the next twelve months.

While we await any interior glimpses of the property, it stands as a remarkable acquisition for LeBron James in his growing Los Angeles real estate portfolio.