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The mansion is also used for various corporate activities and serves as a valuable location for television production, magazine photography and for online, advertising and sales events. It also hosts various charitable events and civic functions

The 21,987-square-foot house is described as in the "Gothic-Tudor" style by Forbes magazine, and sits on 5.3 acres (2.1 ha). It was designed by Arthur R. Kellyin 1927 for Arthur Letts, Jr., son of the Broadway department store founder Arthur Letts and acquired by Playboy from Louis D. Statham (1908–1983), an engineer, inventor and chess aficionado, in 1971 for $1.1 million. In early 2011, it was valued at $54 million. It sits close to the northwestern corner of the Los Angeles Country Club, nearUniversity of California, Los Angeles and the Bel-Air Country Club. $15 million has been invested in renovation and expansion.