Sean ‘Diddy’ Combs’ Los Angeles ‘freak off’ mansion gets an offer — half the asking price
Sean “Diddy” Combs’ scandal-scarred Los Angeles mansion has found a prospective buyer — but the offer on the table is half the asking price.
Bo Belmont, CEO of California-based real estate crowdfunding firm Belwood Investments, has lowballed an offer of $30 million for the Holmby Hills estate, despite it being listed for an eye-popping $61.5 million.
Combs put his 10-bedroom, 17,000-square-foot Beverly Hills mansion on the market in September after it had been at the center of his ongoing sex-trafficking case.
The sprawling property was the backdrop for many of his alleged “freak offs,” and was raided by FBI agents in March as part of the investigation.
The Bad Boy Records founder, 55, purchased the home in 2014 for $39 million. He still owns a mansion in Miami, Fla., that was also raided by federal agents in the spring.
Belmont — who recently purchased Kanye West’s California pad — said he’s planning on revamping Combs’ plush pad if his offer is accepted.
“I want to remove the stigma and focus on the charming elegance of this remarkable property,” he said in a press release.
“We intend major renovations and especially want to recapture the beautiful, bucolic setting of the outside grounds, with its picturesque trees, foliage and walkways,” said Belmont, who snapped up Kanye West’s Tadao Ando-designed mansion for $21 million in September.
“This prominent estate will be a great asset to our growing portfolio of luxury properties,” he said, adding that the home will go back on the market once it’s undergone an overhaul.
During the raid at the property in March, authorities reportedly removed multiple electronics from the home and opened safes inside. In July, Page Six reported the raids caused “significant property damage” at his LA and Miami mansions.
Marketing images show the property stands behind hedges, and with the mansion surrounding a manicured lawn.
The listing noted the offering spans 1.3 acres. A cobblestone driveway heads to the entry, whose foyer has a sweeping staircase flooded with light.
There’s a large living room, a formal dining room, a chef’s kitchen and a wine cellar. As for other perks, there’s also a theater with seats for 35, dual baths and large closets in the primary suite — and even a two-story guest house with a recording studio.
The September listing also noted that the home will only be shown to “prequalified clients.”
