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A Chinese gaming billionaire just paid $500,000 over asking for a historic Los Angeles mansion. Take a look at the $25 million property.
A Chinese gaming billionaire just paid $500,000 over asking for a historic Los Angeles mansion. Take a look at the $25 million property.
Katie WarrenJul 28, 2021, 10:23 IST
The 14,000-square-foot mansion housed USC presidents for 40 years.Douglas Elliman/Compass
Chinese gaming billionaire Tianqiao Chen bought a historic $25 million Los Angeles mansion earlier this month.
He paid $500,000 over the asking price for the residence, which housed USC presidents for 40 years.
Chen, the founder and chairman of Shanda Group, is known as one of the pioneers of China's online-gaming industry.
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Tianqiao Chen, a Chinese billionaire who made his $1.5 billion fortune in the games industry, just bought a historic 14,000-square-foot mansion in San Marino in Los Angeles County.
Chen in 2005.
China Photos/Getty Images
Called the Seeley Mudd Estate, the 14,000-square-foot home is also known as the University of Southern California (USC) Presidential Mansion because it housed the university's presidents for 40 years.
Douglas Elliman/Compass
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Built in 1934, the American Colonial-style mansion sits on more than seven acres in San Marino, an upscale Los Angeles suburb.
Douglas Elliman/Compass
It has housed more than just USC presidents.
Douglas Elliman/Compass
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The home's historic details include imported 17th-century wood paneling in the living room and walnut hardwood flooring.
Douglas Elliman/Compass
The house has eight bedrooms and 11 bathrooms.
Douglas Elliman/Compass
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Carswell, one of the listing agents, said he expects the home's new owner to upgrade the kitchen and give the house a more open floor plan.
Douglas Elliman/Compass
The property's grounds feature expansive lawns, a forest of magnolias, sycamores, oaks, and Chinese elms, English rose gardens, and multiple fountains.
Douglas Elliman/Compass
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The home's al fresco dining and entertaining areas give the owner plenty of opportunity to enjoy the Southern California weather.
Douglas Elliman/Compass
There's also an outdoor swimming pool with a lounge area and outdoor kitchen.
Douglas Elliman/Compass
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At the far end of the property sits a sunken championship tennis court.
Douglas Elliman/Compass
The estate also includes a carriage house garage with its own gas station and car wash, an office, and a chauffeur's apartment.