1923 Hollywood villa linked to Valentino sells for $2.5M

Pic credit: Plus real estate The old Hollywood home at 6823 Iris Circle in Los Angeles has sold for $2.5 million, fetching $205,000 above its asking price, according to Mansion Global. The price is a strong result for a 1923 Spanish Revival house that its owners restored after buying it for $1.05 million in 2016. The hillside home in Whitley Heights is believed to have been commissioned by Rudolph Valentino for his paramour, stage and screen actress Pola Negri, according to local lore cited by Robb Report.The sellers listed the house in early July for $2.295 million. Two weeks later, a buyer had the property under contract, and the sale closed in July. Greg Shenon of Equity Union represented the buyers.The sellers bought the house for $1.05 millionJames Roncal and Stuart Marks bought the house in 2016. They paid $1.05 million for the property, according to PropertyShark records. “We fell in love with the grounds, the style of the house and the neighbourhood, and we knew we could do a very cool resto-reno to bring our own style to the house while respecting its history and tradition,” the sellers previously told the outlet.After buying the historic house, they decided to renovate it...