Article Originally Published in The LA Times
BEVERLY HILLS, CA - A group of professional athlete investors, including San Francisco 49ers tailback Reggie Bush, has purchased a Beverly Hills home for $8.95 million with the intention of developing the property, according to real estate agents not authorized to comment on the deal.
Marketed as an investment opportunity, the home on a corner lot of more than half an acre came to market in March for $9.95 million. Proposed renderings show a multilevel contemporary with walls of glass, a subterranean parking structure and an infinity-edge swimming pool.
Currently on the property is a two-story Traditional-style house with four bedrooms and 4.5 bathrooms in 4,691 square feet of living space.
Built in 1955, the home features such details as hardwood and marble floors, detailed molding and rich wood paneling. Formal living and dining rooms, an office/library and a den with a wet bar are among the living spaces.
The master suite has a fireplace, a walk-in closet and a step-up soaking tub.
Outdoors, landscaped grounds include tiered garden beds, large expanses of lawn and a swimming pool and spa. A circular driveway marks the entrance to the home.
Josh Flagg and Joe Babajian of Rodeo Realty and Josh Altman of Douglas Elliman were the listing agents. Amir Jawaherian of The Agency represented the buyers.
Bush, now in his 10th NFL season, has appeared in four games for the 49ers this year, his first with the team. The 30-year-old out of USC previously played for the Saints, Dolphins and Lions.