top of page
Search
  • Metro East REIA

$500 Million Mega-Mansion Goes Into Receivership After Owners Defaulted

This could be the ultimate flip or maybe, the world’s biggest flop…..Either way, a half billion dollar ($500 million), 105k sq. ft. mega-mansion in Los Angeles recently went into receivership after the owner defaulted on more than $165 million in loans & debt. CNBC is reporting that the house, also known as “The One,” was placed into receivership by the Los Angeles County Superior Court and is expected to be relisted at a lower price in the near future. Interestingly, not only does the house have 4 infinity pools, but it also has a giant moat to keep out uninvited guests. Continue reading HERE...

0 views0 comments

Recent Posts

See All

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.6% in August, 2023. The all items index was up 3.7% for the 12 months ending in

None of us knows what life will bring. All of a sudden, your ability to generate income may be severely restricted by an illness or injury. In the past few months, my office has worked with several in

bottom of page