Monday to Sunday



Contact us


Compare Listings

A Tech Magnate Is Asking $12.5 Million for Kareem Abdul-Jabbar’s Former L.A. Home

A Tech Magnate Is Asking $12.5 Million for Kareem Abdul-Jabbar’s Former L.A. Home

Almost three months after Jim Demetriades hoisted his extravagant Los Angeles compound known as Villa Theos on the market with an impressive $85 million price tag, the veteran tech entrepreneur has now put another smaller house he owns right next door up for sale, asking a smidge under $12.5 million.

The founder and CEO of Kairos Ventures has owned his larger property in the Beverly Hills Post Office area since 2000. That’s when he and his then-new wife Nancy paid $8.4 million for a single house and then began piecing together a gated collection of red brick and stucco structures that cost tens of millions of dollars to assemble and feature a total of 13 bedrooms and 16 baths in 28,000 square feet, all of it resting on two parcels of land spanning over 2 acres.

Along the way, in 2005, the native of Greece doled out around $6.5 million more for the house next door, a contemporary structure originally built in 1956 and previously owned by Kareem Abdul-Jabbar. Records show the legendary Lakers basketball center acquired the place for roughly $2.2 million in the early 1990s and subsequently added an indoor sports court and a gym with a spa and a steam room. The six-time NBA MVP resided there until summer 2001, at which time he sold the place for $500,000 more than he originally paid.

Sited atop a promontory in the desirable Beverly Crest neighborhood, on almost an acre of land overlooking sweeping city lights and ocean vistas, the four-bedroom, five-bath home is hidden away behind a lengthy gated driveway. Inside, a little more than 6,300 square feet of renovated living space boasts soaring ceilings and vast walls of glass providing seamless indoor/outdoor environs.

Read More



    Related posts

    Catherine Zeta-Jones and Michael Douglas List Their New York Estate for $12 Million

    Known as Long Meadow, the historic Georgian-style home rests on 12 acres of riverfront property...

    Continue reading
    by ZONEZI

    John Denver’s Former Rocky Mountain Estate Just Hit the Market for $8.5 Million

    Nearly three decades after his death at age 53, a chunk of John Denver’s longtime Denver estate...

    Continue reading
    by ZONEZI

    Back in the Saddle: Producer Ryan Murphy Offers Up His SoCal Equestrian Estate for $10.6M

    TV producer Ryan Murphy, who’s known for such hit shows as “Glee” and “Pose,” has...

    Continue reading
    by ZONEZI

    Join The Discussion