The late Harry Warner's Hancock Park manor was recently sold for $2.9 million by a bank, the real estate firm that handled the transaction announced this week.

The structure was built in 1923 by Warner, the movie mogul who cofounded the Warner Bros. studio. The 5,555 square foot Georgian colonial estate boasts seven bedrooms and five and a half baths as well as a tennis court, pool, and marble staircase. Located at 501 S. Rossmore Ave, the estate was originally priced at $4.75 million.

Warner reportedly hosted the industry's top parties at the estate and held movie showings at the home basement screening room, which was lined with maple paneled walls and which contained a movie projection booth. He sold the house after a few years to help finance one of the industry's first talking pictures, The Jazz Singer.

The transaction was handled by Media West Realty, which created a promotional website and a high definition video of the property to help sell it.

-With reporting from City News Service. Got news? Email us.

LA Weekly