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Preservationist Buyer Purchases the Kronish House

After facing demolition over the summer, the historic home designed by famed architect Richard Neutra has found a preservation-minded buyer.

The Los Angeles Conservancy is reporting that escrow closed Friday on the 1955  with a buyer who intends to restore the Beverly Hills residence rather than tear it down.

The buyer's name has not been disclosed, but the sale price is listed at $12.8 million. The home spans nearly 7,000 square feet on a 2-acre lot at 9439 Sunset Blvd.

“The Kronish House has dodged the wrecking ball,” Los Angeles Conservancy executive director Linda Dishman wrote in an email. “This outcome is a testament to the very hard work of many people, the willingness of [Beverly Hills] and the owner to give preservation a chance, and the power of public support.”

Designed by master architect Richard Neutra, the Kronish House was sold at a January foreclosure auction for $5.8 million and placed on the market in April for about $14 million. During the summer the owners had applied for a permit to cap the home's sewer line, a step that is taken to prepare a property for demolition.

At a heated City Council meeting in August, the owners of the home  razing the residence to give potential buyers a chance to make a bid. 

Councilman John Mirisch told Patch that he hopes the sale of the Kronish House leads the city to adopt a combination of the  to protect historic sites in the community.

"I'm very pleased that the sellers were able to find preservation-minded buyers and would be thrilled to see the Kronish House restored to its past glory," Mirisch said. "I'm hoping the Kronish House saga marks a turning point for the city in the preservation of architectural masterpieces."

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Barry Brucker October 16, 2011 at 04:19 AM
This positive outcome to save the Neutra House was the work of a cooperative property owner and his counsel, responsible preservation leadership and a Council willing to work with all parties to allow for sufficient time to find a preservation minded buyer... All parties worked well together and a win, win, win solution prevailed. Congratulations to all who used level headed reasoning. Barry Brucker, Mayor
Carrie October 17, 2011 at 01:57 AM
Congratulations to all who participated in the passionate public outcry. The worldwide attention certainly increased Kronish's odds of attracting a steward. -Carrie Graber, Artist

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