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Yo Gotti buys $7.6 million Los Angeles mansion

The Memphis rap star reportedly paid $100,000 over the asking price.

Yo Gotti Getty Images

Yo Gotti is celebrating his recent success with a new home. On Monday (June 14), Dirt reported that the “Drop” rapper purchased a $7.6 million mansion in Los Angeles. Gotti reportedly paid $100,000 over the asking price for the mansion, which was previously the home of Westwood One radio network’s former CFO Bruce Kanter.

According to Dirt, the 10,110-square-foot estate overlooks golf greens and includes six bedrooms, ensuite bathrooms, a granite-topped island in the kitchen, a game room, a custom bar in the living room and a fireplace in the master bathroom. The mansion is also located inside a gated community, making Gotti neighbors with Disney CEO Bob Chapek, NFL star Cooper Kupp and pro wrestler The Miz.

As reported by REVOLT, Gotti recently inked a significant partnership between his Collective Music Group and Interscope Records. The Memphis-bred label now has access to Interscope Geffen A&M, which will help to develop and support its roster.

“I have a tremendous amount of respect for John Janick, Steve Berman, Nicole Wyskoarko and the entire Interscope team and their track record of success,” Gotti said at the time. “We share the same vision about winning – we want to break barriers, disrupt the industry and develop the next generation of superstars. I’m thrilled to partner with them as I continue focusing on CMG’s expansion.”

On Instagram, he added, “Teams Win Championships, Unity Creates Value, Determination turn into POWER! New Deal, New Money, New Opportunities!”

The new purchase also falls in line with Gotti’s interests. Last year, he spoke with Yahoo Finance about his passion for real estate and investing in fixer-uppers.

“Real estate was one of the first things I was doing. I kinda like mistakenly fell into that,” he said. “I bought a house early in my career and in my head it was like, ‘If everything goes wrong, I own this one house.’ You know? And luckily, I never needed to move into that house, so it was always getting rented out. As I started doing concerts and more concerts, I started buying more houses. Like, it got to a thing where I would try to buy a house every month.”

“I didn’t have education or information about real estate at the time. I learned after I already assumed a few houses and then I kind of fell in love with the rehabbing of the houses and fixing them up and just the whole process, and turned it into a business,” he added.

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