Diddy’s legal woes have hurt the market for his Los Angeles mansion. Conformable PEOPLEThe Hip-Hop mogul’s roster has not received offers in the past two months.

“The property itself is stunning, but it’s clear the criminal charges have hurt the buyer’s interest,” a real estate source told PEOPLE. “There has been some curiosity from high-profile international buyers, but no serious offers. “It’s already a challenging market, with buyers generally more cautious. Coupled with the property’s high profile and recent news, this makes for a more difficult sale.”

Diddy, whose real name is Sean Combs, asked $61.5 million for his Holmby Hills home. Internal Security searched the mansion in March.

Authorities arrested Diddy on charges of sex trafficking, racketeering conspiracy and transportation to engage in prostitution in September. He pleaded not guilty to the charges.

Diddy remains in a New York jail after judges denied him bail. He made a renewed application for bail on Friday (November 8).

“Mr. Combs is proposing an updated bail package that is much more robust than the previous proposal,” his attorneys wrote.

The proposal included a $50 million bond, 24/7 monitoring, restrictions on visitors and no internet or phone access except for meetings with Diddy’s legal team. Diddy and his family also offered to surrender their passports to secure his release.

Diddy’s trial is scheduled for May 2025. Judge Arun Subramanian denied Diddy’s request for an expansive plea. gag order on November 8.

“Not all alleged victims will be participants in this case, and a blanket restriction on their speech will silence individuals who may never have anything to do with the proceedings here,” the judge said. “And in any case, less restrictive alternatives must be considered and rejected before imposing a restriction on speech.”

Diddy faces life in prison if convicted. His sex trafficking charge carries a mandatory minimum sentence of 15 years behind bars.