In Los Angeles, a once-grand property owned by Ibrahim bin Laden — half-brother of the late al-Qaeda chief Osama bin Laden — has been yanked off market after failing to discover a purchaser regardless of years of value cuts, The Put up has realized.
The 7,100-square-foot Mediterranean-style villa, listed initially for $28 million in 2021, noticed its asking value fall to $21.5 million earlier than being pulled from the market on April 5.
A supply instructed The Put up that two gives of great discount from the present asking value got here in for the property — each of which aimed to tear it down. Nothing was finalized, and the house exited the market. The earlier itemizing had marketed the residence as one to bulldoze.
“This residence will likely be torn down in some unspecified time in the future,” the supply stated. Nonetheless, native information don’t present documentation for a forthcoming demolition and it isn’t clear if, ought to the standing residence face the wrecking ball, an empty lot will finally return on the market.
Bought in 1983 for $1.65 million along with his then-wife Christine Hartunian Sinay, the 7,100-square-foot Mediterranean villa, in-built 1931, was deserted after the Sept. 11 assaults, with Ibrahim by no means returning to the US. Coldwell Banker Realty
What’s for sure: Extreme vandalism and a long time of neglect have rendered the property uninhabitable.
In-built 1931 on one of many authentic giant Bel-Air tons developed by oil magnate Alphonzo Bell, the property boasts a storied previous.
Within the Sixties, it was residence to Arthur Freed, the Hollywood producer behind classics like “Singin’ within the Rain” and “The Wizard of Oz.”
The 7,100-square-foot Mediterranean villa was in-built 1931. Coldwell Banker Realty
Regardless of its prime location close to the Resort Bel-Air, the seven-bedroom, five-bathroom property couldn’t discover a purchaser after three and half years in the marketplace. Coldwell Banker Realty
Ibrahim bin Laden, one in every of 56 kids of Saudi building magnate Mohammed bin Awad bin Laden, acquired the property in 1983 for $1.65 million alongside his then-wife, Los Angeles socialite Christine Hartunian Sinay.
The couple, who share a daughter, Sibba Hartunian, maintained a lavish way of life there, using “full-time groundskeepers, family assist, chauffeurs and personal safety,” in keeping with Steve Coll’s e book, “The Bin Ladens: An Arabian Household within the American Century.”
The seven-bedroom, five-bathroom mansion — full with a visitor home, a greenhouse and a pool — was deserted after the Sept.11 terror assaults.
Extreme vandalism and neglect have left the house in disrepair, with boarded-up home windows and a deteriorating inside, resulting in plans for its demolition. @saveiconicarchitecture/Instagram
An inside view of the house because it stands in the present day. @saveiconicarchitecture/Instagram
Ibrahim, who was overseas on the time, by no means returned to the US, cautious of the stigma hooked up to his surname.
A former College of Southern California pupil who admitted he “by no means labored a day in [his] life,” Ibrahim leased the property out — and by 2010, it had grow to be a porn filming location.
Regardless of its prime location — a brief stroll from the enduring Resort Bel-Air — the property’s situation deteriorated.
Boarded-up home windows failed to discourage vandals, and the inside fell into disrepair — with solely sparse photos out there on account of its decrepit state.
Ibrahim bin Laden, the half brother of Osama bin Laden (pictured), is one in every of 56 kids of Saudi building magnate Mohammed bin Awad bin Laden. REUTERS
The itemizing highlighted its worth as a “uncommon decrease Bel-Air lot with elevation and an elevated pad,” noting that the value mirrored the land alone, as the house had been “prepared for redoing, proprietor has not been right here for over 20 years.”
