It's a waiting game for Sean Combs at the moment. The infamous music mogul, who now goes by "Diddy", has seen his life unravel over the course of 2024. Seemingly untouchable for decades, Combs' past and current decisions have finally come back to haunt him. His trial for major federal charges is set for May 5 of 2025, but until then, there's a lot that's yet to happen.
Firstly, Diddy continues to try to be granted bail. He's now had three hearings, and a decision is expected to come next week. If Diddy were granted bail, he would be able to leave jail and would be on house arrest until his trial is complete. Given the notorious raid of Diddy's residences, many have wondered where Combs would even stay while on house arrest. According to his attorney, Marc Agnifilo, Diddy would stay in a "three-bedroom apartment on Manhattan's Upper East Side". Why won't he be staying at his L.A. mansion? Well, for one, it's being sold.
Diddy put the Los Angeles mansion up for sale with an asking price of $62 million. But as if his self-esteem wasn't already on the ground, it's gotten worse thanks to an investor who's interested in buying the mansion.
Diddy's Los Angeles mansion gets criticized by big-time investor
Bo Belmont, the owner of Belwood Investments, gave an interview to TMZ on Friday and was very critical about Diddy's mansion. He believes it's completely overpriced.
Well, for one, the price has to be right. That's why we offered $30 million. The home was a little underwhelming. When I went inside, it really wasn't reaching that $60 million expectation that buyers want.
In fact, Belmont says his offer will go down, not up, if the initial $30 million bid isn't accepted. He says it would go down to $27.5 million.
It's another slap in the face for Diddy, who's trying to recoup as much money as possible until his trial. It doesn't sound like he'll get anything near asking price for his L.A. home at least.