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The three properties form a compound totaling 5.5 acres. [20] The property has undergone multiple name changes. It was originally known as The Getz House. [8] It was named the Beverly House when Marion Davies and William Randolph Hearst occupied it. [21] [22] Following their deaths, it was known as the Hearst Estate. [23]
The 36,000 square-foot compound was once on the market for $195 million.
Instead, he sold some of his heavily mortgaged real estate. San Simeon itself was mortgaged to Los Angeles Times owner Harry Chandler in 1933 for $600,000. [81] Finally his financial advisors realized he was tens of millions of dollars in debt, and could not pay the interest on the loans, let alone reduce the principal.
Weber put the house and its contents up for sale in 1948 for $1.5 million, less than its purchase price a decade earlier. Among the buyers that were approached were the set designer Cedric Gibbons and his wife, the actress Dolores del Rio, and the Metro-Goldwyn-Mayer co-founder Louis B. Mayer and the publisher William Randolph Hearst.
The landmark building that publishing titan William Randolph Hearst built for his Los Angeles newspaper over a century ago has been restored to public life as surging development in its downtown ...
Los Altos was built in 1925 and designed by Edward B. Rust and Luther Mayo. In 1999, it was listed on the National Register of Historic Places.The Spanish Colonial building began as Los Angeles' first co-op, including a 3300 square foot, two-story suite for William Randolph Hearst and Marion Davies as their city flat.
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