P. Diddy Drops $40 Million on L.A. Mansion Hip-Hop music mogul P. Diddy recently expanded his bicoastal empire with the purchase[...] September 29, 2014 / Keith Flamer / Tags: Diddy, grotto, Hip Hop, Holmby Hills, houses in los angeles, Kurt Rappaport, Los Angeles real estate, luxury mansions, Nile Niami, P. Diddy, paparazzi, Sean Combs, swimming pool, the real white party, white party