Billionaire James Packer has sold his grand Los Angeles mansion for $93.5 million.

The 12-bedroom, 18-bathroom estate finally found a buyer after more than a year on the market, and a sold sticker went up on the online listing on Monday.

The stunning home on a 0.76-hectare block was first listed by Packer in September 2023 with price hopes of $US85 million ($132 million). It sold for $US60 million.

Built in 1930, the three-storey residence has a pool and spa, landscaped grounds, wine cellar, cinema room, fitness room, cigar room, a games room with bar and billiards, an outdoor dining area with al fresco kitchen, two garages, and formal living and dining spaces ideal for entertaining.

The home reportedly has a star-studded history: it was owned from the 1990s by Danny DeVito and Rhea Perlman, who sold it to developers that undertook a rebuild before selling the home to Packer. It was also for a time leased by Jennifer Lopez and Ben Affleck. Packer was said to have invested in some upgrades during his ownership.

Listing agents were Santiago Arana of The Agency and Jade Mills of Coldwell Banker Realty. The sale of the Beverly Hills property was earlier reported by The Australian.

The deal was secured after Packer bought another home in the city.