The luxury mansion where pop star Michael Jackson was living at the time of his death has sold for $18.1 million (£11.3 million).

Executives at concert promotion company Aeg had been renting the property for Jackson from Hubert Guez, boss of apparel company Ed Hardy, for $100,000 (£62,500) a month when the singer suffered a cardiac arrest there in June, 2009.

The French chateau style-home was designed by renowned architect Richard Landry and is located in the affluent Holmby Hills neighbourhood of Los Angeles.

The Guez family originally bought the mansion in 2004 for $18.5 million (£11.6 million), and it was put it up for sale in 2010 for $29 million (£18.1 million). It was later re-listed earlier this year (12) for $23.9 million (£14.9 million).

Mauricio Umansky, chief executive and founder of real-estate firm The Agency, who represented both the buyer and the seller in the transaction, says of the sale, “This house will ultimately become a legendary place in music history, much like where Elvis lived.”