Pizza chain founder lists $48.5M California mansion

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Pizza chain founder lists $48.5M California mansion
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The lavish home features a 'reflecting pond,' watched over by Greek gods.

A seven-bedroom, 14,000-square-foot mansion in a gated enclave in Southern California just hit the market for $48.5 million. The lavish property is owned by Larry Flax, co-founder of the popular chain California Pizza Kitchen.

The French chateau-style home, complete with a fountain, a pool and tennis courts, sits in one of the wealthiest communities in California, Beverly Crest, and is just 5 miles from the first CPK location, also in Beverly Hills. Neighbors in the Beverly Crest community, high in the Santa Monica Mountains, reportedly include Denzel Washington, Sylvester Stallone and Drake, who purchased a $70 million home there last year, according to the

Flax purchased the newly built home at 55 Beverly Park Way in the mid-1990s. The listing blurb boasts"grand scale living with elegant proportions & infinite possibilities for impeccable entertaining."55 Beverly Park Way, Beverly Hills, California.55 Beverly Park Way, Beverly Hills, California.The house features nearly 3 acres of land, a wood-paneled library and a full movie theater, complete with a red velvet curtain and minibar.

Known for its barbecue chicken pizza, among other creative pies, the chain was founded by two former federal prosecutors, Rick Rosenfield and Larry Flax, in 1985 and grew from a single restaurant in Beverly Hills to around 145 locations nationally. The company alsoAfter seeing a 77% drop in in-dining sales during the early days of the pandemic, CPK filed for bankruptcy.

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