"The two-story traditional, built in 1959 and since updated, is reached by a quarter-mile-long driveway that ends at a circular motor court. Mature trees and swaths of lawn accompany the home on the acre-plus site, which abuts the Franklin Canyon conservancy. The grounds have an infinity-edge swimming pool."
"The roughly 5,500-square-foot house includes a formal entry, a library/den, five bedrooms and 5.5 bathrooms. Picture windows in the eat-in kitchen take in the grounds. There are fireplaces in the library, living room and master bedroom."
"Leibel, the son of construction magnate Lorne Leibel, is a record label owner turned high-end developer. Among his projects was a Paul McClean-designed spec house in the Bird Streets neighborhood that sold last year for $20 million, one of the priciest transactions historically for the area."
Cody Leibel, a developer and heir to a Canadian construction fortune, completed an off-market sale of his Beverly Crest residence to singer-songwriter Katy Perry for $17.995 million. The 1959 traditional home spans approximately 5,500 square feet on an acre-plus property featuring mature trees, manicured lawns, and an infinity-edge pool. The house includes five bedrooms, 5.5 bathrooms, a library, formal entry, and fireplaces in multiple rooms. The property, accessed by a quarter-mile driveway, abuts Franklin Canyon conservancy. The home last sold a decade prior for $9.205 million. Leibel, son of construction magnate Lorne Leibel, is a record label owner and high-end developer known for luxury projects.
#real-estate-transaction #celebrity-home-purchase #beverly-crest-property #luxury-real-estate #katy-perry
Read at Los Angeles Times
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