Real estate investor Bo Belmont and his company, Belwood Investments, have made a $30 million offer on the Los Angeles home of the jailed music mogul Sean “Diddy” Combs.
Combs acquired his Holmby Hills estate in 2014 for $39 million and listed it at $60 million prior to his recent arrest on charges including sex trafficking, racketeering and transportation to engage in prostitution. The 17,000-square-foot estate was newly built at the time of its purchase.
“I want to remove the stigma and focus on the charming elegance of this remarkable property,” said Belmont. “We intend major renovations and especially want to recapture the beautiful, bucolic setting of the outside grounds, with its picturesque trees, foliage, and walkways. This prominent estate will be a great asset to our growing portfolio of luxury properties.”
Last month, Belmont made headlines with his discounted acquisition of the Malibu property of Kanye West – the property was acquired by the controversial rapper and entrepreneur in 2021 for $57 million and gained notoriety with a highly publicized but ill-fated renovation project that remained unfinished when he listed it for sale last January for $53 million. Belmont snagged the property for $21 million.
Photo: Bo Belmont, courtesy of Belwood Investments
;
