Diddy is reportedly looking to sell his mansion in Los Angeles for a significant profit. Reports indicate that he is asking for around $70 million for the Holmby Hills property, which he purchased for an estimated $40 million ten years ago. The off-market sale approach suggests Diddy is seeking a 75 percent increase in value since his initial purchase. While it remains uncertain how serious he is about selling, rumors suggest that he has no plans to acquire another mansion in the area.
In March, both the Los Angeles and Miami properties owned by Diddy were subject to federal raids. However, it is important to note that the Miami property is not currently up for sale, as Diddy has been primarily residing there in recent months. The raids were not directly tied to recent surveillance footage from 2016 showing Diddy assaulting his then-partner Cassie at a Los Angeles hotel. This footage has sparked a shift in public perception surrounding prior allegations against the Grammy-winning artist.
Diddy responded to the video in question via an Instagram statement, taking full responsibility for his actions and expressing remorse for his behavior. However, the statement was later removed from Diddy’s social media, along with all of his previous posts. The fallout from the footage also led to the rescinding of honorary accolades, such as an honorary doctorate from Howard University that Diddy received in 2014.
Complex has reached out to Diddy’s representatives for further comment on the potential sale of his Los Angeles mansion. This story will be updated with any new developments.