Diddy’s embattled Los Angeles mansion has finally found a buyer, though they’re looking for a discount.
The controversial businessman has been struggling to offload the 13,000-square-foot estate amid mounting legal troubles, but Belwood Investments has stepped in with a $30 million offer. The only issue is that this is less than half the $61 million asking price.
Potential buyers have described the property, listed in September, as “creepy,” an image Belmont wants to overhaul. Interestingly, this is the same company that previously acquired Kanye West’s gutted Malibu mansion for a clearance price of $21 million, marking a nearly $40 million loss for Ye.
Diddy originally purchased the mansion in 2014 for just under $40 million. The stunning property features a grand foyer with a sweeping staircase, a 35-seat home theater, a wine cellar, and even a recording studio. Outdoor amenities include a resort-style pool with a waterfall and grotto, a basketball court, and a pizza oven-equipped loggia.
Unfortunately for the Bad Boy star, the grandeur of the property faded earlier this year when law enforcement raided it, showcasing a chaotic scene with his sons videotaped in handcuffs. The aftermath revealed drawers yanked open, safes broken into, and hard drives conspicuously missing from dismantled computers as authorities sought evidence in his sex trafficking case.
It’s unclear if Diddy plans to accept the offer or keep looking for a buyer willing to drop the total $61 million. Given his mounting legal issues, there is a good chance he will accept the lowball amount.
