Dr. Dre has given up what has been called the best view lot in Los Angeles to private equity firm founder Alex Soltani for $32 million.
The Hollywood Hills West home sold in an off-market deal after a brief appearance on the Multiple Listing Service last year, when it was priced at $35 million.
The contemporary estate has 9,696 square feet of living space, including a library/media room, a den, a wine cellar, six bedrooms and nine bathrooms. The three-quarter-acre lot contains a guesthouse and a swimming pool. The neighbors include such superstars as Leonardo DiCaprio and Keanu Reeves.
But it was the 300-degree knoll-top views of the city, mountains and ocean that sold the self-made Soltani, who plans to tear down the existing house and transform the property into a $100-million trophy home.
Soltani, 36, is chairman and chief executive of Skyview Capital, a private equity firm in Century City that focuses on technology and telecommunication buyouts.
Last year Dr. Dre spent $40 million on the four-acre Brentwood estate of supermodel and actress Gisele Bundchen and her husband, New England Patriots quarterback Tom Brady, at about the same time that Apple Inc. acquired his Beats company for $3 billion. He also owns a home along Malibu's Carbon Beach and equestrian property in Hidden Hills.
Dre, 49, is the founder and chief executive of Aftermath Entertainment.
The Grammy-winning rapper and record producer bought the property in 2011 for $15.4 million, public records show.
Branden Williams and Rayni Williams of Hilton & Hyland, an affiliate of Christie's International Real Estate, represented Soltani. Kurt Rappaport of Westside Estate Agency represented Dre.
'Supernatural' star sells Malibu home
Jensen Ackles of "Supernatural" fame has sold his gated home in Malibu for $6.5 million.
The newly remodeled Mediterranean-style house contains a formal entry, living room, dining and family rooms, a den, five bedrooms, six bathrooms and nearly 6,000 square feet of living space.
Windows in the living room look out on the garden. A multipurpose room is off the master suite. An attached guest suite sits above the garage. There are three fireplaces.
The more than one-acre site has a swimming pool with a spa, an outdoor kitchen/barbecue, mature trees and three lawn areas. Views take in the surrounding foliage and the ocean.
Ackles, 36, has starred as a demon hunter since the series started a decade ago. Before that he was in such series as "Smallville" (2004-05), "Dawson's Creek" (2002-03) and "Dark Angel" (2001-02).
The property previously sold two years ago for $4.8 million, public records show.
Shen Schulz of Sotheby's International Realty was the listing agent. Lily Harfouche of Coldwell Banker represented the buyer.
Closing door on custom closet
Actress-producer Ashley Tisdale has a Toluca Lake home, complete with a roomy custom closet, on the market at $2.5 million.
The Spanish-style house, built in 2008, sits behind gates with a built-in security system.
A living room with a fireplace, a curved staircase, a media room, open kitchen, family room, three bedrooms and three bathrooms are within the 3,406 square feet of living space. The master bedroom has its own fireplace, a balcony and an oversized closet with a built-in island.
The backyard contains a saltwater swimming pool and spa and an entertainment area with built-ins.
Tisdale, 29, will be in this year's comedy series "Buzzy's" and "Drive, She Said." Last year she appeared in and executive produced the series "Young & Hungry."
She won a Daytime Emmy for her work on the animated program "Sabrina: Secrets of a Teenage Witch" (2013). Tisdale has also been a mainstay since 2007 on "Phineas and Ferb."
The property last changed hands in 2007 for $1.399 million. Tisdale tore down the existing house and had the current home built.
Richard Albert and Paul Wylie of Lamerica L.P. are the listing agents.
No basement at 'Zombie's' house
Versatile actor Max Martini has listed a Toluca Lake house at $1.85 million.
Built in 1934, the Traditional-style home features cathedral ceilings, a brick fireplace, wood floors, crown moldings and a large balcony off the front.
Formal living and dining rooms, a den/office, a breakfast nook, three bedrooms and three bathrooms are within the 2,145 square feet of living space.
Brick steps lead to the house, which has a front terrace. A patio and lawn sit off the back of the house.
Martini, 45, is in this year's comedy series "Zombie Basement" and the soon-to-be-released movie "Fifty Shades of Grey." Last year he was in the series "Crisis" and the action-adventure film "Sabotage." Among his scores of acting credits, he was in "Saving Private Ryan" (1998) and "Captain Phillips" (2013).
The property last sold in 2006 for $1.56 million, public records show.
Craig Strong of John Aaroe Group is the listing agent.
The latest gossip in Encino
Actress Leighton Meester of "Gossip Girl" fame has put her house in Encino on the market at $2.35 million.
The gated contemporary was built in 1948 and has been extensively remodeled for indoor-outdoor living. The more than half-acre grounds feature a tiered backyard with a saltwater swimming pool.
Hidden ceiling speakers, marble countertops and custom fixtures are among the interior upgrades. The 2,847 square feet of living space includes an mammoth master closet, four bedrooms and 4.5 bathrooms.
The detached pool house contains changing rooms. There's also a bar, a refrigerator and a built-in barbecue.
Security includes an eight-camera system and fenced property lines.
Meester, 28, starred on "Gossip Girl" from 2007 to 2012. Last year she was in several films including "Like Sunday, Like Rain," "The Judge" and "Life Partners." She'll star this year in the TV movie "Any Tom, Dick, or Harry."
The property last changed hands three years ago for $1,457,500.
Michael Morabito of Sotheby's International Realty is the listing agent.
Where Prince once reigned
The only Los Angeles-area home that singer-songwriter Prince is known to have ever owned recently changed hands in Beverly Hills for $5.5 million.
The perpetual renter's onetime palace is a gated Italian-style compound. The main villa is set at the end of a long driveway on about three-quarters of an acre. Inside the two-story rotunda entry is a sweeping staircase.
Unusual ceiling treatments and cutouts add drama in the master bedroom and family room.
Formal living and dining rooms, a two-story wine cellar, a wood-paneled library/office and a family room with a wet bar are within the 7,104 square feet of living space. Including the guesthouse, there are a total of five bedrooms and seven bathrooms.
Prince, 56, sold the home in 1997 for $2.2 million. The music megastar is among the bestselling artists of all time, with such hit albums as "Purple Rain." He won an Oscar for the "Purple Rain" score and is a seven-time Grammy Award winner.
Joseph Babajian of Rodeo Realty and Nina Moshkovich of Nelson Shelton & Associates were the listing agents. Martine Zoller of Gussman Czako Estates represented the buyers.