Wu Xiubo Lists Historical Los Angeles Mansion for Sale

By on September 29, 2020 in China, NEWS

Wu Xiubo Lists Historical Los Angeles Mansion for Sale

On September 28, a netizen revealed that Mainland actor Wu Xiubo‘s (吳秀波) luxurious mansion in the United States, which he had purchased for 5.5 million US dollars in 2015, is currently on sale. It was first put on the market for $US5.88 million (40.05 million Chinese yuan) in early September but was drastically lowered to US$5.28 million (CNY 35.96 million) 20 days later. Despite a price cut by more than CNY 4 million, the actor was still not able to sell the home.

According to the source and transaction records, when Xiubo and his wife, He Zhenya (何震亚), bought the mansion in San Marino, Los Angeles, they had successfully bargained for a price cut of US$500,000 from the listed price of US$5.998. After the purchase, Xiubo signed a declaration of renunciation so his wife could have sole possession of the property.

The couple had huge renovation plans and applied for reconstruction of the 1931 mansion. However, San Marino City Council refused it on the grounds that the structure is a historical building. Adamant on his reconstruction, Xiubo appealed the rejection and spent two years in a lawsuit battle with the municipal government, eventually winning. However, his sudden change of mind to sell the home before construction started can only make one wonder why he would even go through such a time-consuming and money burning process to win reconstruction rights in the first place.

Source: Sohu

This article is written by Minna for JayneStars.com.

5 comments to Wu Xiubo Lists Historical Los Angeles Mansion for Sale

  1. m0m0 says:

    going thru a legal battle with the city winning to eventually giving up the entire renovation is such a big waste of money and time. thought never gone through the process myself, i just heard that it is a very tedious process to renovate historical homes

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  2. dramas4me says:

    Is he having money problem?

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  3. potatochip says:

    The Zillow listing said it includes the permit and architecture plans to build a brand new 7000 Sq ft home. Was he planning on tearing down the original and building a new one? If so, that’s not a renovation and is a bit disappointing. I like homes with character and history.

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