Diddy has finally received an offer on the Los Angeles mansion that he’s been struggling to sell – but it’s less than half of what he’s asking for.
TMZ confirmed on Wednesday (November 20) that Belwood Investments has officially put their bid in at $30 million, far less than the $61 million asking price.
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The embattled mogul purchased the property for just under $40 million back in 2014 and has been struggling to find any interest in the property since listing it in September amid his mounting legal woes.
Belwood owner Bo Belmont says he wants to remove the stigma from the home, which potential buyers have described as “creepy.”
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Belwood Investments is the same company that purchased Kanye West’s gutted Malibu property in August for $21 million, which made for a nearly $40 million loss for Ye.
Diddy’s 13,000-square foot property is located in the swanky “Platinum Triangle” of Los Angeles which encompasses the adjacent neighborhoods of Beverly Hills, Holmby Hills and Bel-Air.
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According to a property description, the fully remodeled home boasts “a luxurious paneled entry foyer with a sweeping staircase bathed in natural light, along with a large living room, formal dining room, wine cellar, office, and a gourmet kitchen with a family room and separate catering kitchen.”
Any buyer will also enjoy “a state-of-the-art theater that seats 35 guests,” as well as “a two-story guest house [with] a large gym, recording studio and additional guest bedrooms.”
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The 1.3-acre estate also features an expansive garden that includes “a resort-like swimming pool with a waterfall and grotto, a basketball court, spa house, and an outdoor loggia equipped with a BBQ, bar and pizza oven.”
Prior to listing the home, Diddy called fellow celebrities like Kylie Jenner, Jimmy Iovine and Napster founder Sean Parker as neighbors, while the infamous Playboy Mansion sits not too far away.
After the property was raided by law enforcement earlier this year, video footage showed it left in a trashed state with drawers pulled open, documents lying everywhere, safes broken into and computers torn apart.
A close up of one computer revealed that the hard drives had been removed.
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Diddy’s home in Miami was also raided by authorities as part of their investigation.
