Candy is selling the property, which is located on the same street where the department store magnates Alfred and Betsy Bloomingdale lived, as it is not used as frequently.
“Since Covid, Nick and his family have not used the property as much and his business is run out of London,” Jessica Patrick, a spokesperson for Candy, said. “Nick has fielded interest from third parties over the years in this property.”
The businessman owns real estate in the UK including a large home in Chelsea, a penthouse in One Hyde Park, and a property in the Cotswolds region of England.
It is rare a property of this size in the coveted Holmby Hills becomes available, said Umanksy, a well-known broker in LA real estate who famously sold Hugh Hefner’s Playboy Mansion in 2016.
This article was provided by Bloomberg News.