Jeffrey Katzenberg just wrapped up the third-priciest home sale in California history, unloading his Beverly Hills compound in an off-market deal for a cool $125 million, sources confirmed to The Times.
It’s a huge return on investment for the DreamWorks Animation co-founder, who recently turned his efforts toward the short-form streaming platform Quibi. Records show the movie magnate paid $30 million for the property in 2009 and erected a 26,000-square-foot mansion three years later.
Details are scarce, but an aerial photo shows the U-shaped home is approached by a tree-lined driveway and expands to a spacious lawn with a swimming pool in back. It spans more than 6 acres on a promontory lot overlooking the historic Greystone Mansion and the Sunset Strip.
The sale, which was first reported by the Wall Street Journal, ranks among the priciest