Rolling Hills mansion with five subterranean stories sells at auction for $22.4 million

Rolling Hills mansion with five subterranean stories sells at auction for $22.4 million
Hacienda de la Paz – A Rolling Hills, CA., mansion with one story above ground and five stories below has sold at auction for$22.4 million. (Steve Brown / Sepia Productions Inc.)

From the outside, it’s impossible to tell the scope of Hacienda de la Paz, a Spanish-style mansion in Rolling Hills. Like an iceberg, the majority of its 51,000 square feet is hidden below the surface.

The estate — along with all its subterranean wonders and secrets — has sold at auction for $22.4 million.
That’s about $30 million shy of John Z. Blazevich’s original asking price. Blazevich, the president and CEO of Viva Food Group, first listed the home five years ago for $53 million before a series of cuts brought the price down to $40 million. Still unable to connect with a buyer, he sent it to auction earlier this year with no reserve.

 
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