‘The Master’ Joins Fire Sale

dppre July 22, 2021

Real Estate

‘The Master’ Joins Fire Sale
 
By Dan Smith
 
Often when an historic building changes hands, the prospect of careless stewardship and inauthentic changes worries both casual and avid preservationists.
 
In the case of Frank Lloyd Wright’s Freeman House, which hit the Los Angeles home market this month, those same folks may be relieved that the premier school of mid-century modern architecture, University of Southern California, is making the house part of its 2021 fire sale.
 
“It needs a lot of restoration,” concedes Mike Deasy, broker/co-owner of Deasy Penner Podley, which listed the Freeman House at 1962 Glencoe Way for $4.25 million. Deasy said last week that he has shown the 1924 home to numerous qualified buyers already, attributing the asking price for the house to “an incredible amount of things that make it important.”
 
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