Other well-heeled homeowners include DreamWorks chief Jeffrey Katzenberg, film producer Joel Silver, and music manager (and longtime resident) Lou Adler.

FORBES: Attention Larry Ellison: A $23 Million House On Billionaires' Beach Coming To Market

But when record producer Lou Adler heard them singing a John Phillips composition, 'Calfornia Dreamin', he decided this was more than just a backing group.

BBC: News | Entertainment | Rock's twisted roots exposed

The 1967 event was organized by Lou Adler and the late John Phillips of the Mamas and the Papas and it was caught on film by documentary filmmaker D.

NPR: The Monterey Pop Festival, 40 Years Later

Summer is among this year's eight inductees, which also include rockers Heart and Rush, singer-songwriter Randy Newman, rap group Public Enemy and bluesman Albert King, as well as Lou Adler and Quincy Jones, this year's Ahmet Ertegun lifetime achievement honorees.

NPR: Rock Hall Set To Induct 2013 Class At LA Ceremony