Donald Sterling Renting out One of his Beverly Hills homes for $15,500
Donald Sterling, the owner of NBA team "Los Angeles Clippers", maybe waist-deep in scandal but that doesn't stop him from being the businessman that he is. One of the many homes of Sterling's large portfolio is up for rent asking $15,500 a month.
The Los Angeles Times broke the news of the listing noting that Michael Libow of Coldwell Banker is representing the residence.
Listing records of the home state that the residence is a 3,315-square-feet, single family home, comprising of four bedrooms and four bathrooms.
Interiors of the house feature hardwood flooring, high vaulted drywall ceilings and beautiful French doors and windows with intricate wooden paneling.
Living space includes a formal living room, a dining area, a gourmet kitchen with granite countertops, custom wooden cabinetry and a mid-rise island. Outside, there is a pool with a spa and ample lounging area. There is a detached guest house, which has one bedroom, a bathroom and an office as well.
Check out the photos of the home here.
More recently, Sterling dropped $5.16 million on a house in the same area. Before Sterling bought the Clippers, he built his fortune on real estate. He reportedly has about 162 properties in Los Angeles alone, Curbed reports.
According to Bloomberg, Sterling and his now-separated wife Shelly purchased about 12 single-family homes in Beverly Hills from 2013 through April 2014 and the purchases total to $58.2 million.
"He told me a bank approached him with a bunch of houses," said Stephen Shapiro, chairman of Westside Estate Agency told Bloomberg. "He didn't always buy the priciest properties. He bought what made sense. He never sold anything."
And Sterling is turning all of these homes into rentals. This particular home is one of those.
"I've worked with him on a number of transactions over the last two years," Michael Libow told Bloomberg in an earlier interview. "They've all become rentals."
The 80-year-old millionaire faces a ban by the NBA after he was caught making racist remarks at African-American people.