A 1928 Los Angeles mansion associated with Bel-Air founder Alphonzo Bell is being offered for sale for $32.5 million. Built for the oil businessman who helped create Bel-Air, the 10,600-square-foot Spanish-style home is now on the market after a multi-year restoration.
According to the reports, Michael Wexler bought the property for $5.5 million in 2010 and later carried out years of work to restore it, including completing a restoration project described as lasting about five years. The listings highlight features such as seven bedrooms and amenities including a theatre, pool, and wine cellar, along with newly planted redwood sequoias. Both accounts emphasize the contrast between the original purchase price and the current asking price, while the description of the home focuses on preservation of original architectural details combined with modern upgrades.
