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TMZ.com
The raids on Diddy‘s L.A. and Miami properties might’ve made nationwide information … however actual property tycoon Josh Flagg is not satisfied the authorized drama will affect the worth of the properties.
We caught up with the “Million Dollar Listing Los Angeles” star … who says Diddy’s residences are nonetheless value a fairly penny — regardless of being tied to a intercourse trafficking investigation carried out by Homeland Security.
Josh, an L.A. native, speaks in regards to the Bad Boy Records founder’s Holmby Hills property, which Diddy scooped up for $40M in 2014. The dealer boasts it is centrally positioned within the A-list neighborhood and is in good situation … except for the feds trashing it in the course of the raid.
3/25/24
He tells TMZ … “If it does go on the market, and it’s priced precisely, it’s going to promote.”
Though, he admits the L.A.-area mansion doubtless will not go up in worth because of the “adverse stigma” surrounding the property. However, as Josh tells us, even essentially the most tainted properties can discover a purchaser … simply check out the Menendez home.
3/25/24
TMZ.com
ICYMI … the Beverly Hills mansion the place Erik and Lyle Menendez murdered their mother and father simply bought for $17 million in March.
3/25/24
Fox 11
As for the way all of the authorized drama will have an effect on Diddy’s neighbors? Josh is equally assured the eye on Holmby Hills will not damage actual property costs in the long term.
This is nice information for Kylie Jenner, who listed her Holmby Hills property on the market earlier than the Diddy raids went down.
Josh’s one piece of actual property recommendation … keep away from any point out of the intercourse trafficking investigation in any advertising supplies.
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