Combs purchased the house in 2014 for $39 million, and it features significant luxury amenities including a gym, theater, and swimming pool, totaling 17,000 square feet.
The mansion, located in one of Los Angeles' wealthiest neighborhoods, was searched by federal agents in March, leading to the seizure of various items connected to a significant criminal investigation.
Bo Belmont, the investor behind the $30 million offer, aims to carry out "major renovations" despite the offer being less than half of the home's asking price.
Belmont expressed a desire to 'remove the stigma' attached to the property resulting from Combs' legal troubles and emphasize its 'charming elegance'.
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