A-Rod’s Los Angeles home takes $1.25 million price cut
Former New York Yankee Alex Rodriguez slashed $1.25 million off his mid-century Los Angeles home Tuesday, bringing the asking price down to US$5.25 million.
Built in 1954, the residence is known as the Honnold & Rex Research House, as it was designed by the renowned architectural duo under the commission of Architectural Products magazine. Designer Xorin Balbes remodeled the home in the 1980s, according to the listing.
Mr. Rodriguez listed the Hollywood Hills home last November for $6.5 million, according to public listing records. He purchased the home in 2014 from actress Meryl Streep and her husband, Don Gummer, for $4.8 million using a trust, according to PropertyShark records.
Carl Gambino of Westside Estate Agency has the listing. He did not return request for comment.
Located near Los Angeles’s famous Sunset Boulevard, the 3,700-square-foot architectural home has four bedrooms and three-and-a-half baths, according to the listing. Features include a heated pool, spa, and both indoor and outdoor fireplaces.
The news of the price cut comes a month after Mr. Rodriguez and pop singer Jennifer Lopez, who are newly engaged, bought a home in Malibu, California, for $6.6 million, the Los Angeles Times reported.
Mr. Rodriguez, 43, retired from Major League Baseball in 2016, two years after serving a one-season suspension for using performance-enhancing drugs. He and Ms. Lopez, 49, listed their New York City apartment in January for $17.5 million.
A rep for Mr. Rodriguez could not be reached for comment.
The Los Angeles Times first reported the price cut.