The sprawling Mediterranean-style mansion in Los Angeles where media personality and businesswoman Paris Hilton and her venture capitalist husband, Carter Reum, spent more than two years raising their young children has returned to the rental market for $159,000 per month. Situated at 70 Beverly Park inside one of Southern California's most exclusive guard-gated enclaves, the 14,061-square-foot residence served as the couple's home base from early 2023 until June 2025, when they purchased a significantly larger estate right next door. Newly released listing details and interior photography offer a look inside the 3.6-acre property, highlighting both the high-end amenities demanded by celebrity tenants and the eye-watering monthly costs of the ultra-prime Los Angeles rental market.

The listing is represented by Aaron Kirman, founder and CEO of Christie’s International Real Estate Southern California, alongside Jade Mills of Coldwell Banker Realty.

According to the New York Post, the property has undergone multiple price adjustments in recent months. While it was previously offered for as much as $195,000 a month in April, the owner has since trimmed the asking rate by $36,000 to attract a new long-term resident.

Inside the Richard Landry-Designed Tuscan Villa

Built in 1995 and designed by prominent luxury architect Richard Landry, the two-level Mediterranean residence sits behind private gates at the end of a cul-de-sac. Visitors arrive via a circular motor court centered on a tiered stone fountain, backed by a six-car garage and enough paved space to accommodate up to 21 vehicles.

According to a property breakdown and photo gallery published by Robb Report, the main house features seven bedrooms, nine full bathrooms, and four powder rooms—a layout that secondary reports by AOL.com summarize as 13 total bathrooms.

Both levels of the residence are connected via an interior elevator and equipped with integrated smart home technology.

The interior design leans heavily into classic European architectural finishes. A double-height entry foyer welcomes guests with intricate marble flooring and a sweeping wrought-iron staircase. From the central hall, the layout flows into an expansive formal living room fitted with herringbone wood floors, a fireplace, and arched windows that frame views of the landscaped grounds. An adjacent family room includes a full entertaining wet bar and opens directly onto the rear patio, while the formal dining room features its own carved stone fireplace. The chef's kitchen centers on a wide granite-topped eat-in island paired with a sunlit breakfast room and multiple dining areas.

On the lower level, a dedicated guest suite provides visitors with a private exterior entrance, a walk-in closet, and an en-suite bath.

Upstairs, the primary bedroom retreat encompasses a spacious seating area with a stone fireplace, French doors leading to a private balcony, dual showroom-style walk-in dressing rooms, and two separate primary bathrooms. The upper level also houses a dedicated entertainment wing equipped with a home theater screening room, a billiards room, and a wood-paneled study.

Outside, towering palm trees border a resort-style swimming pool and raised spa surrounded by a stone terrace. The 3.6-acre grounds also include a detached guesthouse situated beside the pool and a private north-south tennis court.

A Temporary Haven Before a $63.1 Million Upgrade

For Hilton and Reum, 70 Beverly Park served as a transitional family home during a period of major personal milestones. The couple signed a multi-year lease on the residence in early 2023, shortly after the January 2023 birth of their son, Phoenix Barron Hilton Reum.

Later that same year, in November 2023, they welcomed their daughter, London Marilyn Hilton Reum.

Published accounts differ slightly regarding the exact monthly sum the couple paid during their residency. The New York Post and AOL.com report that Hilton and Reum paid approximately $160,000 per month during their stay, whereas Robb Report states they initially leased the manor for $150,000 a month.

Their need for a permanent, high-security base became even more acute in 2025, when the couple lost their oceanfront Malibu residence—which they had purchased in 2021 for $8.4 million—during the Los Angeles wildfires. Although Hilton and Reum reportedly enjoyed living at 70 Beverly Park, the property was not available for purchase. Its owner, Los Angeles-based businessman Leonid Smirnov, acquired the estate for $21.5 million in 2021 and opted to keep it as an income-producing asset.

According to the New York Post, Smirnov fled Soviet communism in the 1970s and later built a $200 million canned food enterprise before Russian authorities seized those business assets last year.

Determined to stay within the neighborhood, Hilton and Reum looked immediately next door. In June 2025, they vacated the rental and paid $63.1 million for 71 Beverly Park, the chateau-inspired megamansion custom-built in 2014 by actor Mark Wahlberg and his wife, Rhea Durham. That neighboring property, which had previously traded hands in early 2023 for $55 million, spans roughly 30,500 square feet across 6.2 acres—more than doubling both the interior living space and the acreage of their former rental.

"She doesn’t want to leave Beverly Park. She looked at a bunch of houses and still landed here," Kirman told the New York Post, noting that the combination of large lots, a community park, 24-hour armed gate security, and private patrols continues to draw high-profile figures.

Past and present homeowners in the enclave include Adele, who bought Sylvester Stallone's former estate in 2022, as well as Denzel Washington and Justin and Hailey Bieber.

Price Adjustments and the Ultra-Luxury Rental Market

The shifting asking price of 70 Beverly Park illustrates the pricing sensitivity even at the very top of the Southern California real estate sector. Following Hilton and Reum's departure, the estate was pitched at up to $195,000 per month in April 2026. By August, an intermediate asking rate of $169,000 per month was reported by Realtor.com and MarketWatch via Morningstar, Inc., before landing at its current $159,000 monthly figure in November.

Even with the $36,000 monthly reduction from its peak asking price, the financial scale of the lease has drawn widespread attention for its contrast with standard housing costs across the United States.

At $159,000 a month, a tenant commits to paying $1,908,000 per year—or roughly $5,300 per day—strictly for rent, without gaining any ownership equity.

To put those figures into perspective for everyday renters and homeowners, AOL.com compared the monthly lease against U.S. Census Bureau benchmarks, which placed the median American household income at $87,460 in 2025, or $76,060 after taxes. Based on those figures, an average American family would have to set aside more than two full years of their entire after-tax earnings just to cover a single month of rent inside Hilton's former Beverly Park residence.

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