‘Beverly Hills Cop’ home is sold for $23 million
$23 million — Santa Monica
In the 600 block of East Channel Road, the former marital home of authorscreenwriter Victoria Foyt and film director Henry Jaglom sold for $23 million — one of the most expensive transactions historically for the Westside community.
Set behind walls and antique gates, the 3.3-acre compound known as Villa Ruchello was used as a location for the film “Beverly Hills Cop” as well as a short-term home for members of Fleetwood Mac and British singer-songwriter Lily Allen.
Some 14,000 square feet of space is divided between an eight-bedroom main house, a two-bedroom guesthouse and a twobedroom gatehouse.
Billy Rose, Edward Fitz and Santiago Arana of the Agency were the listing agents. Myra Nourmand of Nourmand & Associates Beverly Hills represented the buyer.
$20 million — Beverly Hills
Entrepreneur Nathan Frankel, the president of Fontana-based Advanced Steel Recovery, sold a twohouse compound in the 9600 block of Oak Pass Road for $20 million. It had been listed at $23 million.
Built on a property once owned by late film and television producer Bert Schneider, the contemporary-style home is highlighted by gallery walls, floor-to-ceiling walls of glass and a 920-bottle wine wall.
Gary Gold of Hilton & Hyland, an affiliate of Christie’s International Real Estate, had the listing. Michael Chen of T.N.G. Real Estate Consultants represented the buyer.
$11.995 million — Beverly Hills
“Star Trek: The Next Generation” actor Jonathan Frakes and his wife, actress Genie Francis, set their phasers to sell in the 9100 block of Hazen Drive, parting with their longtime Georgian Colonial-style estate for $500,000 under the asking price of $12.495 million.
The two-story home behind gates sits on more than an acre with rolling lawns, mature trees and a gated pool and spa.
Judy Feder of Hilton & Hyland listed the home on behalf of the couple. Branden and Rayni Williams, also of Hilton & Hyland, represented the buyers.
$10.3 million — Beverly Hills
Billionaire Ted Waitt paid $10.3 million for a home in the 1100 block of Loma Linda Drive. Designed by architect Gerard Colcord and built in 1951, the 6,700square-foot house was advertised as move-in ready when it came on the market in February for $11.495 million.
The English countryinspired residence is distinguished by dark wood floors and detailed wainscoting.
Waitt, who co-founded Gateway Inc. with Mike Hammond, intends to raze the home and redevelop the property, according to agents not authorized to comment on the sale.
Andrew Clark and Barry Peele of Sotheby’s International Realty were the listing agents. Ryan Davis of John Aaroe Group repped Waitt in the deal.
These are among the top residential real estate sales reported on the combined L.A./Westside Multiple Listing Service for the period beginning July 12 and ending July 18. See the full list of top sales at latimes.com/realestate/hotproperty.
neal.leitereg@latimes.com