Western White House goes into contract with $13M ask

"Built in 1913, the home was designated a Los Angeles Historic-Cultural Monument, with its ties to Los Angeles Times owners Norman Chandler and Dorothy Buffum Chandler. The Chandlers, who bought the property in 1950, referred to the home as Los Tiempos, or The Times in Spanish. Its other name as the Western White House comes from the parade of presidents including Dwight Eisenhower, John Kennedy, Lyndon Johnson and Richard Nixon."

"Christie's International Real Estate Southern California's Shahryar Bastani and Beverly and Company's Shiva Rafizadeh hold the listing. Current sellers, Nigerian furniture manufacturer Robert Oshodin and his wife Mimie Oshodin, acquired the property for $9.5 million in 2014 to, according to property records. About two years later they marketed the home for $50 million following several renovations. Fit for entertaining, the Beaux Arts-style home has six bedrooms, eight bathrooms, music room, guest house and wine cellar."

The Dorothy Chandler Estate at 455 Lorraine Boulevard in Hancock Park went into contract with an asking price of $12.9 million, or $1,381 per square foot. The Beaux Arts home was built in 1913 and is a Los Angeles Historic-Cultural Monument tied to Los Angeles Times owners Norman Chandler and Dorothy Buffum Chandler. Known as Los Tiempos and the Western White House, the estate hosted presidents and fundraising events that helped build the Los Angeles Music Center's Dorothy Chandler Pavilion. Current sellers Robert and Mimie Oshodin bought the property for $9.5 million in 2014 and later marketed it for $50 million after renovations. The property includes six bedrooms, eight bathrooms, a music room, guest house, wine cellar and nearly one acre. A Bel-Air property at 1150 Stone Canyon Road was the second-largest contract, asking just under $8 million.

Read at therealdeal.com