Who Owns The One Property In Los Angeles

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Who Owns the One and Only in LA?

So, you’ve heard about this mega-mansion in LA called "The One". It's like the architectural equivalent of a Kardashian – everyone knows it, but nobody really knows what it is. Let's dive into the juicy details.

Who Owns The One Property In Los Angeles
Who Owns The One Property In Los Angeles

The One and Only

This bad boy isn't just a house; it's a fortress, a playground, and a vanity project rolled into one. Imagine a place with more rooms than your average apartment building, a nightclub, a bowling alley, and a four-lane auto gallery. That's "The One".

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For years, it was the stuff of real estate legend, a never-ending construction project that was going to be the most expensive house ever built. And then, bam, it was finished (mostly) and put up for sale. The price tag? A cool billion dollars.

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The Bidding War

You'd think finding a buyer for a billion-dollar house would be easy, right? Wrong. It sat on the market for a while, a lonely giant in the hills of Bel Air. Eventually, it went to auction and was snapped up by Richard Saghian, the fashion mogul behind Fashion Nova.

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So, there you have it. The man behind those trendy, affordable dresses is now the owner of the most expensive house in America. Talk about a glow-up!

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A Mansion, a Mystery

But here's the kicker: even though Saghian bought it, the house still isn't finished. There's still a bunch of work to be done, and it's going to cost millions more. So, while Saghian is technically the owner, the house itself is still a bit of a work in progress.

It's like buying a brand new car and then realizing you need to replace the engine. Except this "car" costs more than your entire net worth.

How to Become a Mega-Mansion Owner (Probably Not)

  • How to build a billion-dollar house: Start with unlimited funds, a disregard for deadlines, and a penchant for gold leaf.
  • How to buy a billion-dollar house: Win the lottery, inherit a fortune, or start a wildly successful fast-fashion empire.
  • How to furnish a billion-dollar house: Sell your kidney (just kidding, don’t do that).
  • How to maintain a billion-dollar house: Hire an army of staff and hope for the best.
  • How to impress your friends with your billion-dollar house: Invite them over and casually mention the property taxes.
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Quick References
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csun.eduhttps://www.csun.edu
weather.govhttps://www.weather.gov/lox
nps.govhttps://www.nps.gov/state/ca/index.htm
nbclosangeles.comhttps://www.nbclosangeles.com
ktla.comhttps://ktla.com

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