Jerry Seinfeld’s former Hollywood Hills home is for sale off-market, according to listing agent Rochelle Maize of Nourmand & Associates.

According to records, the current owner is Leslie Peter Benzies, former president of Rockstar North, a United Kingdom-based subsidiary of New York’s Rockstar Games. Benzies served as a lead developer for the “Grand Theft Auto” video-game series.

The property, at 9444 Sierra Mar Place, and three adjacent lots are packaged for $40 million, Maize said. Seinfeld’s former 5,900-square-foot home, built in 1967, includes four bedrooms and five bathrooms.

An adjoining lot at 9432 Sierra Mar Place has a two-bedroom, two-bathroom, 1,600-square-foot guest house, built in 1956. Two other lots at 9442 Sierra Mar Place are empty. Together, the lots comprise just under 1 acre. The parcel at 9432 Sierra Mar Place is the only one that can be purchased separately, for about $6 million.

Benzies intended to tear down Seinfeld’s former home, as well as the guest house, in order to construct a 15,000-square-foot mansion and 6,100-square-foot guest house. The architectural designs have been drawn up, though building permits are still pending. The buyer of the four parcels could theoretically proceed with the plans if they are approved by the city.

Benzies would still like to develop the mansion if he can’t find a buyer for all four parcels, Maize said.

Seinfeld sold his former home in 1998 for a reported $3.2 million to Alec Berg, an executive producer of NBC’s “Seinfeld,” as well as HBO’s “Silicon Valley” and “Curb Your Enthusiasm.”

Legendary Home

Marilyn Monroe’s former Brentwood residence has sold for $7.25 million – $350,000 more than its asking price.

The roughly 2,600-square-foot property where Monroe died sold in less than 10 days after hitting the market on April 21, with multiple offers above asking price, according to a release last week from Beverly Grove brokerage Mercer Vine.

The four-bedroom, three-bathroom property at 12305 Fifth Helena Drive, built in 1929, has undergone some changes since Monroe lived in it, Mercer Vine listing agent Lisa Optican told Vanity Fair.

Eagle Rock Soars

Sales of small-lot subdivision homes in Eagle Rock have hit a new price point. Five such properties in a community called Everlee sold out at the end of April with prices ranging from $850,000 to $1 million. Four of the homes sold while still under construction, said listing agent Chris Furstenberg of Nourmand & Associates.

The previous high for a small-lot home in the neighborhood was in June of last year when a unit in the Prism community sold for $775,000.

The three-story Everlee townhomes range from 1,900 to 2,300 square feet. There are seven townhomes total, though the developer, L.A.’s HeyDay Development, plans to rent two of them.

Glendale Rising

Burbank’s Gangi Development broke ground last week on 28 townhomes in Glendale that feature some of the latest eco-friendly features on the market.

The three-bedroom units in the community known as Pennsylvania Court start at $715,000 and are slated to include solar panel hookups, electric vehicle charging stations, rain barrels, and grey water recycling systems that allow water from sinks and showers to be used for landscape irrigation.

“These features can be costly,” said Mark Gangi, chief of design at Gangi Development. “The strategy is to reduce consumption first to make these systems have a greater impact.”

Gangi said the project’s sustainable aspirations helped the firm gain approval from the Glendale design review board in February 2015. Previous plans for the site by another developer were rejected by the City Council.

Meanwhile, 70 affordable-rate apartments at 121 N. Kenwood St. opened on May 25. Called Ace 121, the 80,000-square-foot development by L.A.’s Meta Housing Corp. is part of the federal government’s low-income housing tax credit program. Meta is no longer accepting applications and the waiting list has closed.

Rents at the complex are determined by an occupant’s annual income and will be kept affordable by a 55-year covenant, after which ownership can raise them to market rate.

Staff reporter Helen Zhao can be reached at hzhao@labusinessjournal.com or 323-549-5225, ext. 263.

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