LOS ANGELES — A badly damaged Frank Lloyd Wright landmark has been put up for sale by a foundation that is having trouble raising money and sees private ownership as the best way to save it.
The 1924 Ennis House sits on a hilltop north of downtown. It was severely damaged in the 1994 Northridge earthquake. Then, in 2005, torrential rains caused a retaining wall to buckle, making matters worse.
The nonprofit Ennis House Foundation has spent $6.5 million repairing it so far but now believes that the building would be best preserved as an owner-occupied home.
Board president James DeMeo says the current economic climate made it hard to raise funds.
It is asking $15 million and estimates the buyer would have to spend up to $7 million more to finish the restoration.
Information from: Los Angeles Times, http://www.latimes.com