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The estate has been valued at $54 million and would require extensive renovation according to what I am reading. While I don't hold the same animus towards Hef as others have expressed, the mansion, at least to me, a home built in 1927 has a great deal of architectural value (I'm a nut for old homes), at least to me. If there are significant original features of the kind of workmanship indicative of the 20's I'd offer somewhere in the vicinity of $40 million on Wednesday after I win the Powerball drawing. If Hef wants to stay their during renovations, that would be cool with me because I hate LA.
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