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.

More from Robb Report

Kareem Abdul-Jabbar House Beverly Hills
The NBA legend’s former home has posh amenities like an indoor sports court.

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.

Kareem Abdul-Jabbar House Beverly Hills
A glass-lined living room has French doors opening to the backyard pool area.

Highlights include a sunken living room accented by a wet bar and a particularly eye-catching fireplace, as well as an office and a library loft. A formal dining room rests beneath a striking chandelier, while the updated kitchen is outfitted with an eat-in island, top-tier stainless appliances, and an accompanying breakfast nook that opens to a courtyard warmed by a firepit.

Elsewhere in the house is a primary suite that comes complete with a seating area, a private patio, and a luxe bath equipped with a spa tub and a glass-encased shower; and outdoors, the grounds host a swimming pool and numerous spots ideal for al fresco lounging and entertaining. There’s also a motor court and a four-car garage on the premises.

The listing is held by Aaron Kirman of AKG | Christie’s International Real Estate.

Click here for more photos of Kareem Abdul-Jabbar’s former house.

Kareem Abdul-Jabbar House Beverly Hills
Kareem Abdul-Jabbar House Beverly Hills

Best of Robb Report

Sign up for Robb Report's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.

Click here to read the full article.