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Grand Wallace Neff fixer in Hancock Park sells for $5.75M

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TV exec nabs lavish Neoclassical mansion built for Ralph Chandler in 1960

As one Chandler family estate joins the market, another one exits. According to Variety’s eerily well-informed Real Estalker, the Greek Revival-style mansion designed by Wallace Neff for Ralph J. Chandler, nephew of Los Angeles Times publisher Harry Chandler, now belongs to ABC Studios president Patrick Moran.

Inspired by Versailles' Garden Pavilion and the Petit Trianon, the Rossmore Avenue time capsule’s extravagant features include an awe-inspiring rotunda entry with a thirty-foot domed ceiling, herringbone wood floors, elaborately carved doors and mantels, hand-painted wallpaper, a wood-paneled library, and formal gardens designed by landscape architect Edward Huntsman–Trout.

Blessed as it is with extraordinary details and craftsmanship, the 8,163-square-foot residence will still require a not-insignificant amount of restoration and updating to recapture its former glory. Variety seems optimistic regarding its new owner, noting that Moran, who shelled out $5.75 million for the property (it was listed at $5.95 million), “has a penchant for buying and rehabbing luxury homes.” His past projects include a 1924 Tudor in Hancock Park that he “carefully and extensively overhauled, to great effect — it was featured in Architectural Digest.” That home, purchased in January 2014 for $3.65 million, was listed last month at $7.85 million.