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In an ironic twist, the founder of the Hard Rock Cafe — the restaurants dedicated to preserving musician memorabilia — is rumored to be tearing down Elvis Presley's old Beverly Hills mansion to construct a brand new house, according to Curbed LA.
The home, which has four bedrooms, five bathrooms, and spans 5,367 square feet, was previously on the market this past October for $12.995 million and sold to Hard Rock's Peter Morton in December for $9.8 million.
The gated property sits on 1.18 acres of land, with stunning views of Los Angeles from the backyard. Morton is a bit of a real estate buff, with another home in Holmby Hills and a mini-compound on Carbon Beach in Malibu, according to Curbed.
Welcome to Hillcrest Road.
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The house was built in 1958.
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About $1.836 million worth of improvements went into the home in 2010, according to the Los Angeles County Tax Assessor website.
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See the rest of the story at Business Insider
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