In the middle of the scandal that dealt Donald Sterling a lifetime ban from the NBA and may force the sale of the Los Angeles Clippers, Sterling has continued to go about his business of buying real estate, picking up another home in Beverly Hills, CA, for $5.16 million.
Property records show that the “Sterling Family Trust” picked up this Spanish estate on May 12, 2014, and Donald Sterling was named as the trustee on the purchase. Sterling started his road to real estate moguldom in 1961, when he was a successful divorce and personal injury attorney. He ventured into real estate with the purchase of a 26-unit apartment building, which was the first of many massive real estate acquisitions he would make. According to reporting by Curbed, as of April 2014, Sterling owned around 162 properties in the Los Angeles area.
Make that 163 with this new addition.
The just-bought home was on the market for the first time in decades. As the listing photos illustrate, the home hasn’t been updated or remodeled to today’s standards. But what it lacks in modern amenities, the home makes up for with “warmth, character and potential,” according to the listing. The floor plan features five large bedrooms, maid’s quarters downstairs, high ceilings, and a sweeping staircase.
A large family room opens up to an inner courtyard and large, grassy backyard.
While Donald is currently lying low and focusing on his family’s real estate holdings and doing deals like this one, his estranged wife, Shelly, is reportedly in secret negotiations to sell the Clippers to potential buyers.
