"The Trump Organization has quietly unloaded one of its last two properties in Los Angeles County, a Tudor-style home in Beverly Hills, for $13.5 million in an off-market sale. The company bought the home for $7 million in 2007, when it was controlled by Trump. It's now run by his two sons, Eric and Donald Trump Jr."
"Built in 1927, the two-story home sits across from the Beverly Hills Hotel and Will Rogers Memorial Park on North Canon Drive. It has five bedrooms and six bathrooms across 5,395 square feet, and the 0.67-acre grounds expand to a hedged lawn and swimming pool out back."
"In 2016, Trump's tax attorney Wade E. Norwood argued the home was worth $6 million - less than half of the price it just sold for. Following the appeal, the county's assessment board valued the estate at $6.004 million, according to L.A. County records."
The Trump Organization completed an off-market sale of a Tudor-style Beverly Hills home on North Canon Drive for $13.5 million to corporate entity Hillcrest Asia Limited. Originally purchased in 2007 for $7 million, the 1927-built property features five bedrooms, six bathrooms, and 5,395 square feet on a 0.67-acre lot with a swimming pool. Located at the intersection of Sunset Boulevard, Rodeo Drive, and Canon Drive, the estate sits across from the Beverly Hills Hotel and Will Rogers Memorial Park. The property's valuation has been contentious, with Trump's tax attorney arguing in 2016 that it was worth $6 million, though the county's assessment board valued it at $6.004 million. This sale reduces Trump Organization's Los Angeles County holdings to one remaining property.
#real-estate-transaction #trump-organization-property-sale #beverly-hills #property-valuation-dispute
Read at Los Angeles Times
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