The scandal-tainted Los Angeles property of Sean “Diddy” Combs has a potential buyer, but their bid is only half of what was requested. In September, the Holmby Hills house was put up for sale for an astounding $61.5 million.
Several alleged freak-off parties hosted by the disgraced mogul are said to have taken place at the house. Bo Belmont, the CEO of California-based real estate crowdfunding company Belwood Investments, has made a $30 million offer to purchase the property. Diddy’s house which is comprised of 10 bedrooms and spreads over 17,000-square-foot of land has been the heart of his ongoing trafficking lawsuit, as reported by The New York Post.
According to reports, Belmont, who just purchased Kanye West’s California house, stated that if his half-price bid is accepted, he intends to completely renovate Diddy’s estate. “I want to remove the stigma and focus on the charming elegance of this remarkable property,” he stated in a press statement.
“We plan to make significant renovations and particularly want to restore the lovely, rural landscape of the outdoor grounds, with its charming trees, foliage, and walkways,” he added. The home will be put up for sale once it has been repaired or refurbished, Belmont continued, adding, “This prestigious estate will be a great asset to our growing portfolio of luxury properties.”
According to Page Six’s July article, officials allegedly took multiple electronics and opened the house’s safes during the March raids on Diddy’s residences in Miami and Los Angeles, causing “significant property damage.” The marketing photos claim that the property is situated on 1.3 acres with a well-kept grass and hedges surrounding it.
It has a beautiful lobby with a sweeping staircase and a cobblestone driveway. A large living room, formal dining room, chef’s kitchen, and wine cellar are all located inside.
Highlights also include a two-story guest house with a recording studio, a master suite with two bathrooms and spacious closets, and a theatre that can accommodate 35 people. Additionally, only “prequalified clients” will be able to view the residence.