A Los Angeles home once belonging to boxing great Muhammad Ali is on the auction block. Located within the prestigious Hancock Park’s Fremont Place in Los Angeles, the residence occupied by the legendary heavyweight champion from 1979 until 1984 has been made available through an auction process, with a previous list price of $13.5 million.
The auction began on April 26 with an asking price of $8 million and is slated to conclude on May 15 at 7 p.m. A bid of $7.75 million has already been received. Participants in the auction are required to place a $200,000 deposit for bidding, with subsequent bids to increase by increments of $250,000.
Constructed in 1915, this palatial 10,500-square-foot mansion is situated on a sprawling 1.5-acre parcel of land and is renowned for its storied past, having welcomed esteemed guests such as Sylvester Stallone, Clint Eastwood, and former President Barack Obama.
According to the listing, the estate features a grand entrance hall, seven bedrooms, eight bathrooms, manicured lawns, tasteful landscaping, a swimming pool, and is positioned on a corner lot surrounded by mature privacy hedges.