James F. Goldstein was born on January 5th, 1940 in the city of Milwaukee, which is located in the state of Wisconsin. Zahn’s was the name of the department store that his father owned in Racine. He received his MBA from UCLA after completing his studies at Stanford University.
Soon after receiving his diploma from UCLA in 1964, Jimmy found work at an organization known as Rammco Investment Corporation. In the late 1960s, Rammco made a fortune by purchasing inexpensive farmland on the outskirts of Los Angeles and then converting it into neighborhoods. It was Jimmy’s responsibility to locate potential acquisitions in the Riverside and San Bernardino areas.
Jimmy was introduced to the surprisingly wealthy world of mobile home park owning as a result of his employment in this industry. At the beginning of the 1980s, Jimmy established his very own real estate investment company and immediately began purchasing various properties. Reportedly, he owns at least a dozen mobile home parks across the state of California, which serve as his principal source of revenue.
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These parks can be found in both Northern and Southern California. For instance, in 2007 he purchased a mobile home park in Carson, California, for a total price of $23 million, and he financed the purchase with $18 million.
Jimmy’s managerial style has been the source of contention at a few of these mobile home sites, and for good reason. The prices in mobile home parks are normally regulated by the government, but Jimmy has been fighting for years to increase the rents at his sites. He has filed lawsuits against various communities that attempted to prevent him from raising his rent and won.
In addition to this, he has caused difficulties by utilizing a legislation that was passed in 1893 and permits landowners to subdivide their lands into independent communities. By utilizing this tactic, Jimmy has been successful in coercing his tenants into either purchasing their homes from him or vacating the premises, at which time he is free to increase the rents he charges.
It has been suggested by Jimmy in a few interviews that he was the one who sold the land that finally became the ultra-luxurious Century City mall; however, this information has not been verified. The phrase “Fashion, Architecture, and Basketball” is printed on Jimmy’s business card.
Goldstein is most likely known for being a staple at NBA games, where he can be seen sitting in the greatest seats while wearing incredibly flashy costumes. This is probably what has brought him the most notoriety. In a typical season, he takes in more than one hundred games, including those played in his native state of California as well as those played in other parts of the country. He is frequently seen on the sidelines, almost always dressed in ridiculous attire.
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It is said that Jimmy shells out more than half a million dollars per year to pay for sports tickets and travel expenses related to attending games. He attends Los Angeles Clippers and Los Angeles Lakers games regularly thanks to his floor season tickets.
Residence of Sheats and Goldstein
Additionally, Jimmy is well-known for being the owner of a luxurious home in the Hollywood Hills. The renowned American architect John Lautner was responsible for the design of the home, which is known as the “Sheats Goldstein Residence.”
It was constructed in the year 1963. In 1972, Jimmy paid $185,001 to acquire the property. That is equivalent to one million dollars in terms of today’s currency.
Because the previous owners failed to maintain the property, Goldstein went out to Lautner to ask for his assistance in bringing the property back to the splendor it had when it was first built. Over the course of his career, he amassed a four-acre private rainforest smack in the center of Beverly Hills by purchasing parcels in the surrounding area.
The house has made cameo appearances in a number of movies and television shows, including The Big Lebowski and Charlie’s Angels, to name just two.
The property features a “infinity tennis court” that is located on an adjacent lot and views out over the cityscape of Los Angeles. An underground nightclub known as “Club James” that is fully operational may be found directly below the tennis court. The club is known for having numerous famous people as guests. It was there that Rihanna celebrated her 27th birthday with guests including Mick Jagger, Leonardo DiCaprio, and a great deal of other famous people.
In the unlikely event that it was ever placed up for sale, the value of the property is expected to exceed one hundred million dollars. If you had any plans to purchase the home in the future, we are sorry to inform you that you will not be able to do so because Jimmy intends to leave it to the LACMA Museum after he passes away. You will, at the very least, be able to go on a tour at some point!
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Jimmy Goldstein is a real estate developer from the United States who has a net worth of $350 million. Goldstein is an avid follower of the NBA. He became well-known for his attendance at a number of NBA games while dressed in bizarre and vivid clothes.
Additionally, he is well-known for being the owner of the Sheats-Goldstein Residence in Los Angeles, which is a home that has been featured in a variety of movies, television series, and photo shoots. The house became especially well-known after it was featured in the film “The Big Lebowski.”
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