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Hot Property: Murdoch Keeps It in the Family

Home Consumer
March 11, 2015, 4 pm
Reading Time: 1 min read

Television Academy's 23rd Annual Hall of Fame, Los Angeles(TNS)—Media magnate Rupert Murdoch sold a house in Beverly Hills for $30 million, public records show.

Marketed outside the Multiple Listing Service last year, the property attracted interest from such Hollywood A-listers as Leonardo DiCaprio and drew multiple offers.

Murdoch ended up pulling the property off the market and sold it to his youngest son, James Murdoch, according to real estate sources not authorized to talk about the deal. The property was taken in the name of a New York limited-liability company.

Constructed in 1926, the Wallace Neff-designed house was commissioned by early film director and silent film actor Fred Niblo. MCA founder Jules Stein bought the estate from Niblo. Rupert Murdoch was the third owner.

The 8,651-square-foot two-story house, set on 3.3 acres, hugs a round motorcourt in a semicircle layout. There are 11 bedrooms and nine bathrooms.

The wooded grounds include expanses of lawn and a swimming pool.

Rupert Murdoch is founder and chief executive of News Corp. and 21st Century Fox. He owns other real estate, primarily in New York, as well as the 13-acre Moraga Vineyards estate in the Bel-Air neighborhood of Los Angeles, which he bought two years ago for $28.8 million.

James Murdoch is co-chief operating officer of 21st Century Fox.

©2015 Los Angeles Times
Distributed by Tribune Content Agency, LLC

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