Inside Elvis’ L.A. ‘Graceland’ -- And Meet the Billionaire Who Wants to Tear it Down (PHOTOS)

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Elvis Presley may have left this building several decades ago, but the Los Angeles version of Graceland will live on -- all in the name of history.

In December, Hard Rock Café co-founder Peter Morton dished out $9.8 million for the Trousdale Estates property once owned by Elvis and Priscilla Presley during their first years of marriage in the mid to late ‘60s.

At the time, Morton reportedly had plans to demolish the existing French Regency property -- including its four bedrooms, five bathrooms and a four-car carport -- to make way for a new house.

But according to Curbed L.A., the entrepreneur might have to go back to the drawing board and work with what already exists.

 

The property is protected under Beverly Hills’ newly adopted historic preservation ordinance, thanks to the name Rex Lotery -- the mid-century architect who built the home back in 1958.

Lotery is on a list of Master Architects that is used to determine if a home or property should be protected.

Presley’s former home, which spans for some 1.18 acres, was recently upgraded with fresh paint and flooring, new appliances and a resurfaced pool and spa, Curbed L.A. reported last fall, when the property was put up for sale at $12.995 million.

Take a look inside Elvis Presley’s L.A. Graceland in the gallery, above. Do you think more homes in Beverly Hills should be preserved or protected? Weigh in below.

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