Maurice Marciano, who is one of the four Algerian brothers who co-founded the Guess clothing line, has sold a house in Benedict Canyon in Beverly Hills, Calif. for $3,700,000, and has paid $1,600,000 for a 2,325-square-foot condominium unit in a full-service building in Beverly Hills.
In a Big Time Listings exclusive, we can report on the transactions. Marciano continues to own what is his principal residence, a 19,299-square-foot mansion on 2.69 acres at 1210 Benedict Canyon Drive in Beverly Hills, according to public records. That mansion has a 5,000-square-foot space for Marciano's art collection in his basement, according to a 1991 Los Angeles Times article.
However, Marciano has made some changes to some other parts of his real estate portfolio, including unloading a house at 1634 Benedict Canyon Drive, which he purchased in August 2006 for $3,750,000--fully $50,000 more than the amount for which he sold it on May 30, according to public records. Built in 1936, the Benedict Canyon house that Marciano just sold previously measured 3,228 square feet, and now is 3,921 square feet, according to public records. The four-bedroom house has four baths and sits on a 0.38-acre lot, according to public records. Unfortunately, no online listing sheet was readily available for the home that Marciano just sold.
As for the condo that Marciano just bought, he closed on June 21 on the $1.6 million purchase of the fifth-floor unit at 325 N. Oakhurst Drive in Beverly Hills, according to public records. That transaction was recorded on June 27. The two-bedroom condo unit has two and a half baths and is in a full-service building that was built in 1976, according to public records. Features in the unit include an open floor plan, hardwood floors, high ceilings, balconies on all sides, a new gourmet kitchen with top-quality appliances, a dining area with a stone fireplace, a den, a master suite with a walk-in closet, a study/library, and custom cabinetry in the second bedroom, according to listing information.
Check out an online listing sheet--complete with photos--for Marciano's new condo.