Perhaps and probably the buyer—who almost immediately upon closing put the property up for long term lease at $400,000 per month—shelled out another $13.7 million for furnishings and other personal items that fall outside the legal definition* of real estate that ballooned the deal to the much reported $102 million.
*According to the California Bureau of Real Estate, real estate—otherwise known as "real property"—includes, "Land and anything growing on, attached to, or erected on it, excluding anything that may be severed without injury to the land."
aerial photo: Pacific Coast News
0 comments:
Post a Comment