With the Los Angeles Clippers off to a hot start to the new season, perhaps Shelly Sterling is longing for that old stream of income.
The former franchise owner listed three of her 100 investment properties for lease, the Los Angeles Times reported. She owns those properties with her billionaire husband, Donald Sterling, as part of their buy-and-hold business plan.
Listed for rent is a Monterey Colonial, 3,160-square-foot home in Beverly Hills, including four bedrooms and three bathrooms. The two-story home at S. Roxbury Drive is seeking $12,500 per month. The Sterlings acquired the property for $2.9 million in 2014, records show.
Second on the listing trio is a 3,200-square-foot traditional-style home also in Beverly Hills, asking $11,000 a month. The estate on Linden Drive features a swimming pool and patio out back, in addition to four bedrooms inside. It last traded for $2.8 million in 2013, property records show.
Last and certainly least is a Mid-City duplex listed at $4,000 per month. The 2,400-square-foot property has three bedrooms and two bathrooms.
Michael Libow of Coldwell Banker Residential Brokerage is the listing agent for the Beverly Hills properties. Terri Scheid of Los Angeles Premier Properties holds the listing for the duplex.
Shelly Sterling was able to gain control of the LA Clippers from her husband (who filed for divorce in 2015, but then changed his mind) in 2014. She later sold the franchise to Microsoft executive Steve Ballmer for $2 billion. In the meantime, the Sterlings have amassed an impressive real estate portfolio in the region, owning over 100 residences in the region. [LAT] – Natalie Hoberman