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HOT PROPERTY

Kramer Scoots Outta Studio City

June 21, 1998|RUTH RYON | TIMES STAFF WRITER

Emmy-winning actor MICHAEL RICHARDS, who played Kramer on "Seinfeld," has put his Studio City home of six years on the market at $799,000.

"He loves the house. He put so much into it. But he's moving on," said listing agent Linda Tow.

Richards has had another home in the L.A. area for some time, other sources say, but he has been reluctant to sell the Studio City house, which he extensively remodeled.

FOR THE RECORD
Los Angeles Times Sunday July 5, 1998 Home Edition Real Estate Part K Page 2 Real Estate Desk 2 inches; 59 words Type of Material: Correction
Last week's "Hot Property" column erroneously reported that Dorothy Dandridge, whose former Hollywood Hills home is for sale, was the first black actress nominated for an Oscar. Hattie McDaniel was the first when she was nominated and won as best supporting actress in "Gone With the Wind" (1939). Dandridge was the first black woman to be nominated for a best actress Oscar, but she lost at the 1954 awards to Grace Kelly.

Richards, 48, was raised in Van Nuys. He began performing stand-up comedy in L.A. in 1979, when he made his TV debut on "The Billy Crystal Special." The next year, he became a regular on the comedy-variety series "Fridays." Soon after came "Seinfeld," for which he won three Emmy awards as outstanding supporting actor in a comedy series.

Since the "Seinfeld" finale in May, he has been taking time off before deciding what he will do next. He has appeared in theatrical productions as well as on TV and in such movies as "Trial and Error" (1997) and "Unstrung Heroes" (1995).

His Studio City house has three bedrooms, including one that he uses as an office. The 2,700-square-foot home also has 2 1/2 baths, a screening room and two wood-burning fireplaces. Built in 1953, the ranch-style house was remodeled by Richards over the years since he bought it.

He turned a den into a screening room and installed automatic window shutters on nearly every window. He updated the kitchen with new appliances, granite counters and recessed lighting.

He redesigned the master bath around an Egyptian motif and installed speakers so music can be heard by the pool, gazebo, barbecue and flagstone patio as well as inside.

Tow has the listing at Coldwell Banker-Jon Douglas Co.'s Westwood West office.

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Singer-songwriter DON HENLEY, the former Eagles drummer who went on to become a solo artist and concert organizer, has sold his longtime 8.2-acre property in the Beverly Hills area for $3.7 million, sources say.

The property was listed at $3.85 million. It was once on the market at $10 million. That was before the two-bedroom 2,500-square-foot house was damaged in the 1994 Northridge earthquake. The house was subsequently razed, sources say.

Henley had owned the property since 1976, when he paid about $300,000 for it, according to public records. The site has about 3 1/2 usable acres with a long drive, gardens, lawns, a solar-heated pool and canyon views.

The buyer was Tony Krantz, co-partner and CEO of Imagine Television. He is the son of novelist Judith Krantz.

Henley, 50, organized the "Stormy Weather '98" benefit at the Wiltern Theater in April for his Walden Woods Project (to save the woods near Massachusett's Walden Pond) and participated in Tiger Jam I, to benefit the Tiger Woods Foundation, on June 8 at the Universal Amphitheatre.

Even though he is active professionally in L.A., Henley is divesting himself of property here, sources say. He and his wife, model Sharon Summerall, moved to Dallas in 1995, but he indicated then that he would keep a second home here.

Krantz was represented by Ed Fitz of Nourmand & Associates, Beverly Hills, other sources said.

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Industrialist and prominent GOP contributor BARNEY KLINGER has sold his 32-acre Santa Barbara home for $14 million, sources say.

The home, in Hope Ranch, has been the site of many political fund-raisers since Klinger bought it in 1976. The well-known Republican has played host to Ronald Reagan and Richard Nixon, but he also held a fund-raiser there in 1994 for Democratic Sen. Dianne Feinstein in her race against Rep. Mike Huffington (R-Santa Barbara).

The estate is known facetiously as "Few Oaks"; it has more than 400 oak trees. It also has a main house, two guest houses, a building for conferences, a pool house with a dance floor, a pool, a tennis court and parking for about 400 cars.

Built in the 1930s for William Dickinson of Chicago, one of the original developers of Hope Ranch, the 40,000-square-foot 50-room home was designed by Reginald Johnson, who also designed the Biltmore Hotel in Montecito.

The buyers were described as "a young Florida couple."

Klinger, 69, and his wife, Betsy, plan to scale down, a source said. A consulting engineering executive, Klinger is chairman and CEO of Applied Cos. in Valencia.

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EDWIN "BUZZ" ALDRIN, an Apollo 11 astronaut and second man to walk on the moon, and his wife, Lois, have sold their Orange County home in Emerald Bay for $925,000, sources say.

The couple bought a penthouse on the Wilshire Corridor to be closer to LAX (he often has speaking engagements in other cities). The Aldrins also have homes in Aspen, Colo., and Sun Valley, Idaho.

The two-bedroom 1,350-square-foot house was purchased by a Newport Beach attorney and his wife, an executive associated with the X.O.X.O. women's clothing label.

Rod Daley had the listing in Coast Newport's Fashion Island office, and Kay Glavis of Coldwell Banker's Laguna Beach office was the selling agent.

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A Hollywood Hills home once owned by late actress DOROTHY DANDRIDGE is on the market at $1.1 million.

Dandridge owned the house from 1956 to 1963. She died at age 41 in 1965, after losing the house through bankruptcy.

She was the first African American to be nominated for an Oscar when she was up for best actress in the all-black musical "Carmen Jones" (1954).

During the last few years, such actresses as Whitney Houston, Mariah Carey, Vanessa Williams and Angela Bassett have expressed interest in starring in a film about Dandridge.

The four-bedroom 4 1/2-bath home was built in 1926. The Mediterranean-style home, which is about 3,000 square feet in size, has city-to-ocean views from every room.

The house was recently owned by actress Margo Lemus, who starred in a number of movies in Mexico. Lemus died about nine months ago, and her daughter now owns the home.

Carol Severance and Pamela Irwin of Fred Sands' West L.A. office share the listing on the house and two adjacent lots.

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