Executives at concert promotion company AEG had been renting the property for Jackson from Hubert Guez, boss of apparel company Ed Hardy, for $100,000 a month when the singer suffered a cardiac arrest there in June, 2009.
The French chateau style-home was designed by renowned architect Richard Landry and is located in the affluent Holmby Hills neighborhood of Los Angeles.
The Guez family originally bought the mansion in 2004 for $18.5 million, and it was put it up for sale in 2010 for $29 million. It was later re-listed earlier this year for $23.9 million.
Mauricio Umansky, chief executive and founder of real-estate firm The Agency, who represented both the buyer and the seller in the transaction, says of the sale, “This house will ultimately become a legendary place in music history, much like where Elvis lived.”
Well, that is for the buyer to decide.