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Charles Manson — Part 4
Page 99
99 / 551
But she never built the
house because it is now the
corner of a bustling Van Nuys
business area at Van Nubs
and Chandler boulevards.
Some of the cowboy stars,
uninterested in Bel-Air status
symbols, invested in valley
ranches and wound up with
millions. Gene Autry, Roy
ogers and Joel McCrea aye
rime examples.
“McCrea, in a way, tops
them all. He grew up on Hol-
lywood Boulevard but when he
hit it big in the movies,
bought a working cattle ranch
in Moorepark in Venturs Coun-
ty. He worked the 2,500 acres
at a profit and then a major
oil company discovered oil on
the ranch.
Joel was torn.
“The. money was attractive
but I hated to see all that
beauty destroyed by oil wells.
I finally gave in when they of-
fered me $3 million to drill
and promised that no wells
ould be seen from the ran
ouse.””
Not all stars have made fo
wnes in real estate. Oldtimer
Jack Mulhall once owned
what is now the plush section
of Sherman Oaks.
“T used to think that if T
could sell what I owned for
$200 an acre, I’d be stealing
the money.
“Then came the crash in
1929 and my 500 acres went
down the hill like a toboggan.
I lost it all.
Pola! Negri once had a
chance to buy some real es-
tate for $40,000.
“I wanted to buy it but one
fof my husbands talked me ou
of it. He said it would neve
be anything but an orang
barove.”\
Today, it’s the four corners
of Be™“rwood and Vine.
Barbara Stanwyck whe’
married to Frank Fay lived i
a beautiful estate in North
ridge. Then they broke up an
she married Robert Taylor
but those two decided they
would sooner move back over
the hill.
They sold the estate for a
song ‘0 Jack Oakie who still
lives there.
“J was so sentimental abut
+ ” s
buying the place, reca’
Oakie, “that I asked Barba
whether I should call it San
Barbara or Santa Fay.
Oakie is surrounded now
usinesses—an oasis among
hopping centers. Usually
| When he invites me over, he
tells me:
“Get over here quick be-
it.”
far he has resisted.
ed me to keep the house @
put on trunks when T we!
in the swimming pool.”
The showplace home in th
movie colony is still in the
process of building and won't
be ready until next spring.
Eugene V. Klein, head of
National General Corpora-
tion, bought Beverly Hills’
first home — The Burton
Green estate on six acres be-
hind the Beverly Hills Hotel.
Green was the founder of
Beverly Hills and his Tudor
estate was long a showplace.
Klein bought it all 18 months,
go and workmen have been
ebuilding it since into a Re-
ency home. Virtually only
he foundation is left from the
riginal home.
cause 1 could be an Akron
store by the time you make
Oakie has heen offered a
million for his acreage but so
“Qne subdivider even want
one acre at the same price bu
“T turned him down. I'd have t
__
Recently workmen up root-
first ever built in Bever!
Hills. And that’s history of
w Olympic pool.
ein isn’t saying how
duch the new home will cost
him eventually—but it’s go-
ing to be a mighty expensive
two-bedroom home.
y Glen has two swimming
pools—one for the master and
one for the servants.
The late Ernie Kovacs built
a beautiful wine cellar in his
Coldwater Canyon home. Then
he stocked it with the choicest
wines that only a gourmet
like Ernie would drink—Cha-
au Lafitte Rothschild and
tHe rest.
But something was missing.
ie called a special effects
man over at ABC who
promptly coated the bottles]
with artificial cob webs.
Probably the biggest estate
in Beverly Hills is Harold
Lloyd’s. His place is 18 acres
right by the Beverly Hills Ho-
tel. He is the city’s biggest
property taxpayer but won’t
say how much. In the low-cost
Depression days, i cost bim
$25,000 a year.
But when taxes get high,
Harold practices such eco-
nomics as shutting off the
manmade waterfall—one that
would do justice to Yosemite,
emite.
Final inflationary note. In
he ‘30s, songwriter Ira Gersh-
everly Hills street for
$27,000. A few years ago, he
remodeled the house on the in-
side. Cost—$250,000 for the
Te-do.
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