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Southern California home of Ronald and Nancy Reagan sold for $15M

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A hand out photograph of Ronald and Nancy Reagan taken on February 6, 2000, on the social gathering of President Reagan’s 89th celebration on the Reagan’s dwelling in Bel Air, California, released through Reagan’s workplace March 2. (Reuters)

The Former Southern California residence of President Ronald Reagan and his wife, Nancy, was reportedly bought to billionaire businessman Jerry Perenchio for $15 million.

the l. a. Times stated Tuesday that Perenchio bought the property in an off-market deal. Pernechio is The Previous chairman of Univision.

The property used to be initially purchased for $2.5 million by a bunch of chums for the Reagans in 1986, two years prior to the top of Ronald Reagan’s 2d term in place of business. The Particular association allowed the Reagans to hire The Home with the choice to buy it. The LA Occasions, citing property records, said that the property sooner or later used to be deeded to a trust in Reagans’ identify in 1989.

The House is seated on 1.29 acres. The Home is roughly 7,200-sq. ft and has 17 rooms with three bedrooms and six toilets.

The Eighty Five-12 months-previous Perenchio additionally owns the property of “The Beverly Hillbillies.”

Perenchio was Reagan’s former Hollywood skill agent who used to be part of a bunch that bought Univision in 1990 for $550 million. He sold the media corporation for simply over $12 billion in 2007.

Click On for extra from the la Instances.

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