Josh Flagg is near including a brand new property to his ever-growing actual property portfolio … TMZ has discovered he is near scooping up Charlie Puth’s $14 million Beverly Hills pad.
Sources acquainted with the scenario inform TMZ … The “Million Dollar Listing Los Angeles” star is below contract to buy the singer-songwriter’s 5-bedroom, 4-bathroom abode … situated within the rich Trousdale Estates neighborhood.
The actual property investor is near nabbing this scorching property below the radar, as we’re advised the deal is an off-market transaction. Although, it’s at present unclear what Josh provided to pay Charlie for the residence.
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Charlie purchased the house from famed American photographer Matthew Rolston in 2017 for $9 million. The house was beforehand listed for $17 million … however got here all the way down to $14 million when it was final available on the market in Could 2024.
So, we now have a sense Josh scored himself a deal right here.
The manse is definitely definitely worth the hefty price ticket, too. The mid-century pad — initially designed in 1965 by legendary L.A. architect, Rex Lotery — has had critical work put into it over time.
But, it is legacy because the social hub for Beverly Hills’ elite makes the property much more alluring. The house as soon as hosted Ronald Reagan’s “kitchen cabinet” — AKA the late prez’s closest confidants. The house was additionally as soon as owned by “Tonight Show” producer Freddy de Cordova and his spouse, Janet de Cordova.
The home was additionally the topic of Matt Tyrnauer‘s exposé on Janet within the Vainness Honest “Once Upon a Time in Beverly Hills.”
This isn’t Josh’s first massive actual property transfer. In March 2022, he scooped up a 7,100-sq-ft. Beverly Hills mansion for $9.2 million. Information present he nonetheless owns the property.
In June 2023, he made headlines once more when he expanded his investments to incorporate a house on Miami’s unique North Bay Street.
We’re advised Josh and his dad, Michael Flagg, who was president of the extremely profitable household owned girls’s style label, Edith Flagg (named after Josh Flagg’s businesswoman and philanthropist grandmother) are exploring a number of properties in New York, too … so his actual property portfolio might very simply increase once more quickly.
Josh is conserving his standing as a prime actual property shark very a lot alive!!!
