Saturday, April 10, 2021

Casey Kasem Home Sells For $34M

After years on and off the market at a variety of prices that began at $42 million and eventually slipped to $37.9 million, the longtime Los Angeles home of the late radio legend Casey Kasem has sold for $34 million in an off-market deal. reports the 2.4-acre estate lies just north of Sunset Boulevard in prime Holmby Hills, behind gates and surrounded by mature landscaping. Records reveal the local buyers are Benjamin Nazarian and his wife Hedy, members of the billionaire Nazarian clan.

Kasem died in 2014, and since then the house has seen legal wrangles, initially between his widow, former actress Jean Kasem (“Cheers”), and his children from an earlier marriage. It appears Jean eventually entered into a partnership with Phil Braunstein of Colossal Properties, with the goal to redevelop the Holmby Hills property into a glitzy spec manse, but that collaboration never actually happened.

Remaining on the estate is a rambling, many-winged mansion — in aerial shots, it rather resembles an albatross in flight —  with eight bedrooms and 12 bathrooms in roughly 12,000 square feet of living space, a number that includes the detached guest and staff houses. Built in 1954 but heavily expanded and renovated since, the Grecian-influenced structures were acquired by the Kasems in 1989 for just over $1.7 million.

Other amenities include vaguely Louvre-like interior decor with floridly luxurious public rooms, a catering kitchen, dual master suites, and a 15-car motorcourt that anchors garaging for four luxury vehicles.

The Nazarians’ new spread lies directly across the street from the $36.5 million Holmby Hills estate of Kylie Jenner, and it’s also within sugar-borrowing distance from homes of other financial heavyweights like Tom Ford, Kelsey Grammer and fashion tycoon Max Azria.

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