Diddy is moving up the ranks of elite L.A. homeowners …
The mogul now owns a European villa in Holmby Hills — near where Michael Jackson died.
The estate has 8 bedrooms and 11 bathrooms. The main house is 17,000 square feet with a 3,000 square foot guesthouse. And, there’s a separate spa house that has a steam room, massage room and beauty salon.
Of course the lagoon-style pool has a grotto.
The home is brand new … built 6 months ago.