Team approach to investing

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.

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.

A two-story Traditionalstyle house with four bedrooms and 4.5 bathrooms in 4,691 square feet of living space is currently on the property.

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, 30, suffered a knee injury last week in a game against the St. Louis Rams and will miss the remainder of the season. The 10-year NFL veteran out of USC previously played for the New Orleans Saints, Miami Dolphins and Detroit Lions.