After more than two months on the market, ' Los Angeles mansion has received an offer — and from someone who seems to have a penchant for buying up the homes of hip-hop moguls. Bo Belmont, the founder of Belwood Investments, offered $30 million for the Holmby Hills mansion, according to . That's less than half of its $61.
5 million asking price. The firm has plans for "major renovations," it said in the release. The real-estate agent representing Combs declined to comment about the offer to Business Insider.
purchased the house in 2014 for $39 million. It is 17,000 square feet, sits on 1.3 acres, and features a wine cellar, gym, theater, basketball court, sauna, and swimming pool, according to the .
The listing does not show any interior photographs of the home. The home was searched in March by federal agents, who "seized various supplies, including narcotics and more than 1,000 bottles of baby oil and lubricant" from his residences, including this one, the indictment against Combs says. The mansion is in one of Los Angeles' richest neighborhoods, known for its proximity to Beverly Hills and large lots.
The Spelling Estate, just down the road, is on the market for $137.5 million. The home was put on the market just weeks before on federal charges of racketeering conspiracy, sex trafficking, and transportation to engage in prostitution.
Combs has pleaded not guilty and repeatedly denied committing sexual assault. "I want to remove the stigma and focus on the charming eleganc.
