Private Properties L.A. Home of Lee Iacocca, Who Helped Pioneer the Mustang, Lists for $26 Million The late automotive executive’s roughly 11,000-square-foot Tuscan-style home is near the Bel-Air Country Club and the Hotel Bel-Air The roughly 11,000-square-foot Tuscan-style home is close to the Bel-Air Country Club and the Hotel Bel-Air. Tyler Hogan By Katherine Clarke Jan. 17, 2020 11:12 am ET The longtime Los Angeles home of the late Lee Iacocca, the high-profile automotive executive who ran Ford and saved Chrysler from bankruptcy, is coming on the market for $26 million. Mr. Iacocca bought the Italianate-style home for $4.25 million in 1993, shortly after he stepped down as Chrysler’s chairman, records show. It is now being sold by his daughters following his death last year at age 94. Lee Iacocca’s Los Angeles Mansion The high-profile automotive executive who died last year spent many years in this Tuscan-style home near the Hotel Bel-Air. A Bel-Air mansion owned for nearly three decades by automotive executive Lee Iacocca is coming on the market for $26 million. Tyler Hogan 1 of 17 The roughly 11,000-square-foot Tuscan-style home is on Chalon Road, close to the Bel-Air Country Club and the Hotel Bel-Air. It sits on more than an acre of land and comes with a tennis court, according to the listing agents, Rick Hilton and David Kramer of Hilton & Hyland. Mr. Iacocca’s daughter Lia Iacocca Assad, 55, said her father entertained regularly at the property and often hosted friends like Bob and Dolores Hope, Frank Sinatra, and Marvin and Barbara Davis. “My dad was really big on parties, especially birthday parties,” she said. “I remember him standing there laughing over cigars.” At his 90th birthday, guests wore hats emblazoned with the words “Iacocca 90,” fashioned in the style of the Route 66 logo. The son of Italian immigrants, Mr. Iacocca was a high-profile automobile executive. He died last year at age 94. Photo: Douglas Elbinger/Getty Images Ms. Assad said her dad, who lived out his later years at the property, was a fixture in the neighborhood. He became friends with a manager of the Hotel Bel-Air, who would let him walk into the hotel from his property through a side gate, she said. Mr. Kramer said the property, which has four bedrooms plus a staff apartment, is remarkably current in style and is in good condition. Listing images show a wood-paneled library with coffered ceilings, a large dining room with french doors leading to the garden and a large master suite with a living-room area and dual bathrooms. The son of Italian immigrants, Mr. Iacocca rose to the top of Ford, where he helped launch the Mustang, a sports car that came to symbolize the 1960s. In the late 1970s he was named chief executive of Chrysler, which he helped stabilize. His appearances in television commercials for the company helped turn him into a celebrity. He wrote an autobiography and was recently featured as a character in the 2019 drama “Ford v Ferrari,” which received four Oscar nominations. Write to Katherine Clarke at katherine.clarke@wsj.com https://www.wsj.com/articles/l-a-ho...-the-mustang-lists-for-26-million-11579277531
https://si.wsj.net/public/resources/images/B3-FW896_Iacocc_H_20200115175456.jpg https://webassets.inman.com/wp-content/uploads/2020/01/MLS-35-1400x932.jpg https://si.wsj.net/public/resources/images/B3-FW874_Iacocc_M_20200115173259.jpg
Thanks for those! As for the pictures, that's a lot of chimneys for one house. Does it have a fireplace in every other room?