The new owner is billionaire Saudi businessman Saleh Abdullah Kamel, one of the richest Arabs in the world. This used to be the Beverly Park home of the creator of "Perfect 10" magazine, Norm Zeda.
http://online.wsj.com/article/SB10001424052748703572404575634642829600132.html
http://en.wikipedia.org/wiki/Saleh_Abdullah_Kamel