What is The One mansion? one them real estate projects ambitious in recent years, planned on a hill in the luxurious neighborhood of Bel Air in Los Angeles, United States, ended up becoming a nightmare for the film producer, Nile Niami, who has had to “auction it off” to a billionaire, who can’t take it yet. For what is this? Here we tell you.
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The mansion, built on a space of 11.5 hectares, was considered the largest and most expensive on the market in Los Angeles. It was put on the market for US$500 million in 2017, but since there was a buyer and the businessman owed more than US$100 million in mortgage, it was finally auctioned for US$141 million (US$126 million for the house and US$15 million in the auction costs and fees).
Thus, the Nile Niami dream ended up in the hands of fashion entrepreneur Richard Saghian, but why can’t it be lived in?
WHY CAN’T THE OWNER OF THE ONE MANSION INHABIT IT?
The new owner of The One mansion, Richard Saghian, cannot occupy it yet, why? The problem is that the property lacks the corresponding certificate of occupancy because the inspectors evaluate whether the construction meets the necessary characteristics. According to information from the Los Angeles Times, it also does not have electricity service and has serious construction defects, mainly humidity due to the numerous swimming pools it has: it has no less than seven.
WHAT IS THE MANSION CALLED THE ONE?
The One mansion has a futuristic design with 360-degree views of the ocean, mountains and Los Angeles. The project was created under the supervision of architect Paul McClean, creator of the residences of Avici or Beyoncé, and interior designer Kathryn Rotondi. It was listed as the largest and most expensive private home in the United States. Although it sold for US$356 million less than its asking price, it is considered the most expensive house auctioned in California history.
WHAT IS THE ONE MANSION LIKE?
The luxurious mansion The One has an area of 9,700 m2 and has everything:
- 21 bedrooms.
- 42 bathrooms.
- Lagoons.
- Seven swimming pools (one of them on the terrace of the 500 square meter master suite).
- Cinema.
- Jacuzzi.
- Gym,
- Cellar with capacity for 10,000 bottles.
- Beauty salon and a full-service spa.
- Private disco.
- bowling hall
- Casino.
- Five interior elevators.
- Garage for 30 vehicles.
- Athletics track that borders the house.
- Room for solidarity events.
- Theater.
- Roof top mini golf course.
- A guest house of almost 400 square meters.
- Huge outdoor terrace with cabanas.
WHO IS RICHARD SAGHIAN, THE NEW OWNER OF THE MEGAMANSION?
Richard Saghian is the founder of Fashion Nova, created in 2006 in Vernon. He is the current CEO of the company that generates annual sales in excess of $1 billion, according to the Los Angeles Times. The businessman also owns two other houses in southern California, including one on the beach in Malibu, which cost him $14.7 million. He also has another one in the foothills of the Hollywood Hills, which he bought for $17.5 million in 2018.
