March 29, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Infamous Bel-Air Mega Mansion’s Electricity Bills Cost $80,000 Per Month

A look at the electricity bill for 105,000 square foot mansion

By Dolores Quintana

The world’s biggest mega mansion, The One, continues to give its owners a large headache as reported by Boss Hunting.com. Everything about this estate has been monstrously expensive, so much so that it only sold at a foreclosure sale after a number of price reductions, after the developer Nile Niami defaulted on the loans and the property was put into court-ordered receivership. It’s not cursed by anything other than the developer’s own hubris. The building has yet to be completed. 

The property did finally find a buyer, Richard Saghian, the founder and CEO of Fashion Nova. 

He paid $126 million for the privilege of owning this urban white elephant but The Los Angeles Times has revealed that the cost of The One hasn’t ended there. 

The cost for the property’s electricity bill runs about $50,000 a month, which as the owner, Saghian is now obligated to pay. That $50,000 is just the cost just to keep the A/C on in the summer. 

Lawrence Castillo, President of A/C company Brody Pennell stated, “In theory, a 100,000-square-foot home would have the same energy bill as 40 2,500-square-foot homes. That’s two city blocks’ worth of houses to cool one property. The wealthy have an obligation to look at the energy they’re consuming because their carbon footprint is so much greater.” as quoted by Boss Hunting.com

With a building that has 21 bedrooms, 42 bathrooms in 105,000 square feet of footage on two floors, you could hardly expect much else.

Related Posts

Cantonese Dim Sum Master Chef Tony Opens Hollywood Dim Sum at TCL Chinese Theatre

March 27, 2024

March 27, 2024

Experience Exquisite Dim Sum Creations in the Heart of Hollywood 97 years after its founding, the TCL Chinese Theatre will...

Fleurs et Sel Bakery Opens Storefront in West Adams, Welcomes Customers Three Days a Week

March 27, 2024

March 27, 2024

Indulge in Freshly Baked Cookies at the New West Adams Location Fleurs et Sel Bakery, known for its delectable cookies...

Easter Specials Guide: Brunch Spots, Desserts, and More in West Los Angeles

March 27, 2024

March 27, 2024

Discover the Best Easter Eats and Treats in LA for Your Holiday Celebration Easter is almost here, so here are...

(Video) Director Adam Wingard Talks About His Influences While Making GODZILLA X KONG: THE NEW EMPIRE

March 27, 2024

March 27, 2024

Director Adam Wingard Talks About His Influences While Making GODZILLA X KONG: THE NEW EMPIRE at the Beyond Fest Screening...

Attorney for Sean “Diddy” Combs Denounces Investigation as “Witch Hunt”

March 26, 2024

March 26, 2024

Legal Representative Criticizes Probe Amid Federal Sex Trafficking Inquiry An attorney representing Sean “Diddy” Combs criticized the investigation into the...

Culver City Police Department to Conduct High Visibility Traffic Enforcement Operation

March 26, 2024

March 26, 2024

Operation Targets Hazardous Traffic Violations on the West End The Culver City Police Department announced plans to conduct a high...

Historic Union Contract Ratified by Thousands of Hotel Workers At 34 Hotels

March 26, 2024

March 26, 2024

UNITE HERE Local 11 Negotiates Agreement Ensuring Wage Increases  Hotel workers, who spearheaded the largest hotel strike in modern U.S....

Human Rights Campaign’s Los Angeles Dinner Celebrates LGBTQ+ Advocacy and Unity

March 25, 2024

March 25, 2024

Notable Figures Gathered to Champion LGBTQ+ Rights and Combat Discrimination By Aneesha Pappy  The Human Rights Campaign (HRC), the nation’s...

California Bars and Nightclubs Must Offer Drug Testing Devices Starting July 1

March 25, 2024

March 25, 2024

New Law Mandates License Holders to Provide Drug Testing Kits to Patrons Beginning July 1, establishments with Type 48 licenses...

Opinion: West Los Angeles Needs to Care about Veteran Homelessness

March 25, 2024

March 25, 2024

By Kelly Kravchuk  Veteran homelessness is a public health concern that impacts my West Los Angeles community. As a USC...

Culver City City Council Recap: Bruce Lee Alley, Historical Discrimination Study, Women’s History Month

March 25, 2024

March 25, 2024

Council Deliberates on Racial Equity, Infrastructure Upgrades, and Fire Department Strategic Plan The Culver City Council convened its latest session...

Federal Agents Raid Property Linked to Music Mogul Sean “Diddy” Combs In Holmby Hills

March 25, 2024

March 25, 2024

Authorities Conduct Searches in Los Angeles as Part of Ongoing Sex Trafficking Probe Federal agents from the Department of Homeland...

Biden Signs Government Funding Bill with Ban on Pride Flags at Embassies

March 25, 2024

March 25, 2024

White House Vows Repeal Amid Controversy Over LGBTQ Provision President Biden signed a huge government funding package on Saturday, which...

Staples Store in Westchester Could Become a Senior Housing Complex

March 24, 2024

March 24, 2024

Redevelopment Plans Unveiled for Property Near LAX The current site of a Staples retail store near Los Angeles International Airport...

City of Los Angeles Pays Nearly Half a Billion in Liability Claims Over Four Years

March 24, 2024

March 24, 2024

LA Controller’s Report Reveals Significant Payouts from General Fund LA City Controller Kenneth Mejia has continued to audit the City...