RELATED SLIDESHOW: Pictures of La Ronda and its demolition
Community organizers opposed the demolition and a 90-day delay was issued in June. In that time a developer from Florida made an offer to move the house to another lot but that deal fell through.
Action News is told the previous owner was able to salvage some of the architectural elements.
La Ronda dates back to 1929 and was the final work of architect Addison Mizner. It has a castle-like appearance, complete with turrets and formal gardens.
Owner Joseph Kestenbaum plans to build a new home on the mansion's site.
The Associated Press contributed to this report