Muhammad Ali\u2019s former Italian Renaissance manor in Los Angeles is headed to auction, and bidding will open on Friday.<\/p>\n
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The more than 100-year-old abode, in the city\u2019s Hancock Park, was acquired by the late boxing legend in 1979, according to Concierge Auctions, which is handling the online sale of the storied mansion alongside Stefani Stolper and Kristen Lawson of The Beverly Hills Estates and June Ahn of Coldwell Banker Realty. Bidding will close on May 15.<\/p>\n
Designed by the architect John C. Austin, who is behind local landmarks including L.A. City Hall and the Griffith Observatory, the palatial property was home to Ali and his family until 1984, property records show. During his tenure, he hosted the likes of Sylvester Stallone, Clint Eastwood and Michael Jackson, the auction house said.<\/p>\n
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Ali isn\u2019t the only notable name to have called the manor home. Past residents include A.P. Giannini, the founder of Bank of America, and King C. Gillette, the founder of The Gillette Company, according to Concierge.<\/p>\n
The current owners, who couldn\u2019t be reached for comment, bought the home for $2.5 million in 2001, records with PropertyShark show.<\/p>\n
\u201cEven without its illustrious legacy as a home to business titans, statesmen, and sporting icons, [the house] would stand out for its exquisite design and amenities,\u201d said Stolper in a news release. \u201cThis is a rare chance to own old-Hollywood glamor in the heart of one of Los Angeles\u2019s most prized communities.\u201d<\/p>\n
Developed in the 1920s, affluent Hancock Park is full of well-preserved historic homes just like this one, which is also on the sales market for $13.5 million.<\/p>\n
The 10,500-square-foot property sits on 1.6 acres of park-like grounds within the neighborhood\u2019s gated community of Fremont Place, which comprises just 70 homes.<\/p>\n
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From its European-styled facade and Tiffany stained-glass windows, to the hand-carved crown moldings and imported Italian marble floors, the seven-bedroom home radiates grandeur and projects old-world charm, according to the release.<\/p>\n
It boasts a grand foyer, a salon, a circular-shaped conservatory, a chef\u2019s kitchen and a formal dining room.<\/p>\n
A dramatic staircase leads upstairs, where, along with bedrooms, there\u2019s two offices, a full-sized bar and a grand ballroom.<\/p>\n
Outside, there\u2019s a pool, gardens, pergola-dotted walkways and a separate 1,000-square-foot, one-bedroom guest house.<\/p>\n