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Bill Cosby Sheds Millions in LA Real Estate

Bill Cosby Sheds Millions in LA Real Estate

Bill Cosby walks through the Montgomery County Courthouse with his publicist, Andrew Wyatt, after being found guilty on all counts in his sexual assault retrial at on April 26, 2018, in Norristown, Pennsylvania. (Mark Makela/Getty Images)

By    |   Wednesday, 02 May 2018 01:31 PM

Bill Cosby has been shedding millions of dollars worth of prime Los Angeles real estate amid a string of legal battles facing the disgraced comedian, The Hollywood Reporter noted.

Included in his real estate portfolio that is currently on the market are two Santa Monica properties located along Main Street that are reportedly on sale for a combined $26 million.

The 80-year-old's two-story, 8,668-square-foot brick building located at the corner of Main and Hill, which is zoned for retail and office space and is occupied by a Starbucks on the ground floor, is listed for $20 million.

Cosby's second property, a 6,024-square-foot open piece of land currently being used as a parking lot at the corner of Marine Street, is on the market for $5.7 million.

Cosby sold a third 9,500-square-foot building at 3008 Main St. for $11.8 million in 2015, when a slew of sexual harassment allegations emerged against the comedian.

At the time, accuser Barbara Bowman wrote an op-ed in The Washington Post venting her frustration about how it took the world 30 years to believe that Cosby had raped her.

The article spurred dozens of other women to come forth and speak out against Cosby and soon he was facing a tirade of accusations, New York Magazine noted.

All this arose while Cosby was already facing other criminal investigations, The Hollywood Reporter noted.

Now Cosby is facing up to 30 years in jail for three counts of aggravated indecent assault after being found guilty Thursday for drugging and molesting Temple University employee Andrea Constand in 2004 at his suburban Philadelphia home.

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Disgraced comedian Bill Cosby has been selling off millions of dollars of prime Los Angeles real estate, including commercial properties.
bill cosby, selling, la, real estate
Wednesday, 02 May 2018 01:31 PM
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