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 conversant in the scenario inform TMZ … The “Million Greenback Itemizing Los Angeles” star is beneath contract to buy the singer-songwriter’s 5-bedroom, 4-bathroom abode … situated within the rich Trousdale Estates neighborhood.
The true property investor is near nabbing this scorching property beneath the radar, as we’re instructed the deal is an off-market transaction. Although, it’s at the moment unclear what Josh supplied 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 in the marketplace in Might 2024.
So, we have now a sense Josh scored himself a deal right here.
The manse is actually well worth the hefty price ticket, too. The mid-century pad — initially designed in 1965 by legendary L.A. architect, Rex Lotery — has had severe work put into it through the years.
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 cupboard” — AKA the late prez’s closest confidants. The house was additionally as soon as owned by “Tonight Present” 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 Truthful “As soon as 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. Data 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 Highway.
We’re instructed 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 may very simply develop once more quickly.
Josh is conserving his standing as a prime actual property shark very a lot alive!!!
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