• A Los Angeles mansion that used to be owned by a fugitive just sold for $18.5 million — a little less than half its purchase price. 
  • The fugitive, Jho Low, is wanted in connection with 1Malaysia Development Berhad, a Goldman Sachs-backed fund that turned into a massive financial scandal. 
  • The property spans 1.2 acres and includes everything from a 13,000-square-foot main residence to a glass-walled garage.
  • Visit Business Insider’s homepage for more stories.

This massive West Hollywood mansion was part of one of the biggest forfeiture cases in US history, Mansion Global reported.

The home was recently sold for $18.5 million to a local investor. It was previously owned by Jho Low — a fugitive Malaysian businessman who is wanted for the alleged theft of about $4.5 billion from 1Malaysia Development Berhad (1MDB). Low reportedly bought the house for $39 million in 2012.

Low, as reported by Variety, is considered one of the world’s highest-profile fugitives. However, he has maintained his innocence. According to Mansion Global, he is believed to be in China.

Back in October, he forfeited about $700 million of his assets to the US government, of which $100 million was in the form of residential real estate located in New York, Los Angeles, and London.

According to Mansion Global, this Los Angeles compound is the first of the homes to sell. 

Keep reading for a look inside the property, which spans 1.2 acres and includes everything from a glass-walled garage to a separate spa complex. Note that the pictures of the home are old and Low did damage to much of the interior, according to Variety. 

This West Hollywood mansion was bought by Malaysian businessman Jho Low — now a fugitive —for $39 million in 2012. Low is wanted for the alleged theft of about $4.5 billion from 1Malaysia Development Berhad. According to a report by Mansion Global, he is believed to be hiding in China.

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Courtesy of Douglas Elliman


From the outside, the house still has the 1980s-era look that it had when it was built for its original owner, actor Ricardo Montalban.

According to Mansion Global, in October 2019, Low forfeited $700 million worth of his assets to the US government, of which $100 million was in the form of residential real estate located in New York, California, and London.

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Courtesy of Douglas Elliman


This LA mansion, according to Mansion Global, is the first of Low’s forfeited properties to sell.

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Courtesy of Douglas Elliman


It was represented by Ernie Carswell and Christopher Pickett of Douglas Elliman and sold for $18.5 million to a local investor.

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Courtesy of Douglas Elliman


According to the listing, the massive compound spans 1.2 acres and the main residence spans 13,000 square feet.

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Courtesy of Douglas Elliman


The property is loaded with amenities including a pool, a four-car, glass-walled garage, a separate spa complex, and a guest house.

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Courtesy of Douglas Elliman


According to Zillow, the main home has seven bathrooms ….

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Courtesy of Douglas Elliman


… and six bedrooms.

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Courtesy of Douglas Elliman


Mansion Global reported that the home needs a lot of work. Repairs are estimated to cost between $8 million to $12 million, and just restoring the pool will likely cost upwards of $1 million.

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Courtesy of Douglas Elliman


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