"The estate boasts nearly 20,000 square feet of elegant flourishes and European finishes. Its architect, Lewis P. Hobart, designed such structures as San Francisco's Grace Cathedral; its builder, P.J. Walker Co., constructed the Los Angeles Times building and the Greystone Mansion in Beverly Hills."
"In selling the home, originally priced at $10.5 million, the organization vowed to find a buyer who'd appreciate its historical significance. After nearly a year of showcasing the property, it found one that filled the bill: Feinstein."
""[Feinstein] has restored, to my knowledge, three other properties, and I was lucky enough to see the one he did in Los Angeles," said co-listing agent Gretchen Seager. "Feinstein will do a nice job bringing the interior up to speed for the way modern families live.""
The John S. Cravens estate, a 1930s mansion on Pasadena's Millionaire's Row, sold for $7 million to Grammy-nominated musician Michael Feinstein. Designed by architect Lewis P. Hobart and built by P.J. Walker Co., the nearly 20,000-square-foot home features European finishes, ornate woodwork, chandeliers, and murals by artist Ernest Peixotto. The property was donated to the American Red Cross in 1962 and remained under their ownership until this sale. The organization prioritized finding a buyer who would respect the home's historical importance. Feinstein, known for restoring multiple properties, plans to modernize the interior while maintaining its architectural integrity. The listing agents donated their commission to the Red Cross.
Read at Los Angeles Times
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