Property Profit

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Friday, 12 April 2013

Your Mama Hears...

Posted on 12:08 by Unknown
...that rainbow haired pop music powerhouse Katy Perry is about to purchase three adjoining properties nestled into a sylvan hollow in the Hollywood Hills, high above the glittering lights and shattered dreams of Tinseltown. Miz Perry's plan—so it was tattled to Your Mama—is to merge the two existing mini-compounds into a almost four acre multi-residence situation worthy of a global superstar who—like her bubbly brand of bubblegum pop or not—reportedly earns more than forty million clams a year.*

Two separate, unconnected and trusted informants—they would be Patty Propertyseller and Lucy Spillerguts—have both tattled to Your Mama that Miz Perry is currently in contract to spent an unknown amount of dough to acquire the three parcels (that comprise two mini-compounds) all currently owned by a corporate entity easily linked to philanthropic HIV-positive oil heiress and former junkie Aileen Getty.

The larger of the two properties (above) spans 2.33 acre and has been substantially upgraded since it was last sold for $3,540,000 to the corporate concern connected to Aileen Getty in April 2004 by, according to property records, Wal-Mart heiress Sybil Robson Orr. As best as we can tell via various online resources, the mini-compound comprises a 3,800-plus square foot mock-Med main house, a semi-detached poolside guesthouse/cabana, equestrian facilities, a vast stone terrace around a slightly elevated swimming pool and expensively engineered terraced gardens linked by serpentine stairways and meandering paths.

The second, also gated and heavily secured mini-compound encompasses two adjacent residential parcels—one vacant and the other all but undeveloped—that combined come to 1.62 acres. The corporate entity linked to Miz Getty acquired both parcels in a single transaction for $2,950,000 in January 2011. The seller was house hopping drummer/bandleader Max Weinberg who had only acquired the modern minded mini-compound two years earlier for $2,888,000 from Jake and Maggie Gyllenhaal's then feuding now-divorced parents, screenwriter Naomi Foner and television director Stephen Gyllenhaal.

Your Mama has no idea if Miz Getty—or, rather, the corporate entity connected to her—made any significant alterations to the property or existing residence but listing details from the time Mister Weinberg sold the property in early 2011 show the completely over-hauled single-story mid-century residence had three bedrooms and two bathrooms in 2,916 square feet of largely open-plan living space with an additional two bedrooms and a bathroom located in a semi-detached guest house connected to the main house by a breezeway. The back yard area has a good-sized patch of flat lawn, a wee negative edge swimming pool and a rustic-modern tree-shaded outdoor dining area with built-in fire pit.

In summation, the two properties combined come to just less than four acres with two gated entrances, two fairly modestly sized main houses, two semi-detached guesthouses, two swimming pools and spas and (what appears to be) equestrian facilities that, with significant financial input, would make an excellent sound and recording studio for Miz Perry.

There prolly isn't a property gossip alive that still hasn't written about the historic, multi-residence compound above the mouth of Laurel Canyon that Miz Perry bought with ex-husband Russell Brand bought in mid-2011 for $6.5 million and hoisted (just this week) on the open market by Miz Perry, who was granted full ownership of the property in her divorce, for $6,925,000.

For the record, Your Mama would like the children to note that neither of the mini-compounds in question was on the open market and none of the property record data bases Your Mama checked yet reflect a recent change of ownership. That means this ain't nuthin' but some celebrity real estate rumor and gossip, at least until one of the more reputable media outlets reports it as fact. Something else circumstantial to keep in mind is that a third informant, the inestimable Yolanda Yakketyak, recently whispered to Your Mama that word on the L.A.-based Heiresses Real Estate Street is that Aileen Getty recently spent a bit over $3.5 million to acquire a walled, gated and totally upgraded 1920s mini-compound with a Golden Age celebrity pedigree on a wide, tree-lined street that has more than once been described to Your Mama as the "Beverly Hills of West Hollywood."

aerial image: Google
listing photos (from 2009): Prudential California and Sotheby's International Realty (via Redfin)
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