After a long slog on the market, an infamous mansion looming high above L.A.’s Sunset Strip has sold to local investor Joe Simsoly in an $18.5 million deal.
That’s a very big number, of course, but it’s also more than $20 million less than the property last fetched in November 2012, when it transferred for a record-breaking $39 million to Malaysian playboy Jho Low.
For many years, that transaction held the record for priciest Hollywood Hills home sale ever — until it was finally eclipsed earlier this year.
Low, now 38, first came to public attention about a decade ago, when tales of his mysterious financial largess began swirling in the New York papers.
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