The house, built in 1992, had been for rent last year at $27,500 a month and is still available for lease at $19,995 a month.
Beatty, 75, is known for his leading roles in "Bonnie and Clyde" (1967), "Dick Tracy" (1990) and "Bulworth" (1998). He won an Oscar for directing "Reds" (1981) and received the Academy of Motion Picture Arts and Sciences' Irving G. Thalberg Memorial Award in 2000.
Bening, 54, was nominated for Oscars for her work in "The Grifters" (1990), "American Beauty" (1999), "Being Julia" (2004) and "The Kids Are All Right" (2010).
Beatty and Bening own other property in Beverly Hills.
Kurt Rappaport of Westside Estate Agency is the listing agent.
An enterprise of his own
"Star Trek" actor Anton Yelchin has become a first-time home buyer with the purchase of a house in Studio City for $945,000.
The gated country English-style one-story sits on a quarter of an acre with a swimming pool, a spa and mature trees. The 1,845 square feet of living space features vaulted ceilings, French doors and fireplaces in the living and dining rooms. The house, custom built in 1940, contains three bedrooms and 21/2 bathrooms.
Yelchin, 23, played Pavel Chekov in the 2009 "Star Trek" movie. He will reprise his role in a sequel next year. Yelchin also starred in "Terminator Salvation" (2009) and "Like Crazy" (2011).
The property came on the market in March at $999,000.
Petra Pavlovits-Walters of Leland Properties was the listing agent. Zach Goldsmith of Hilton & Hyland represented Yelchin.
Sales price is 'practically perfect'
Singer and actress Julie Andrews has sold her house in Brentwood for $2.705 million — slightly above what she was asking.
Andrews owned the traditional-style home with her late husband, director and screenwriter Blake Edwards. Less than a month after coming on the market at $2.649 million in April, the tidy white home with gray shutters was in escrow.
Features include a family room and living room with French doors opening to a garden and a formal dining room with a cathedral ceiling. An artist's studio with a bathroom sits above the garage for a total of four bedrooms and three bathrooms.
The lot, which is less than a quarter acre, is surrounded by tall hedges and is gated. There is a swimming pool and spa.
Andrews, 76, starred in musicals including "My Fair Lady" and "Camelot." She won a lead actress Oscar for "Mary Poppins" (1964) and starred in "The Sound of Music" (1965), "Thoroughly Modern Millie" (1967), "Victor Victoria" (1982) and the "Princess Diaries" films in 2001 and 2004. Last year she received a Grammy Award for lifetime achievement.