Detroit Pistons owner Tom Gores seeks a buyer for his sprawling California property.

Gores, a billionaire investor, is offering his Bel-Air estate for $52 million, Los Angeles Times reported. He reportedly relisted it for a higher price than what he asked for it a year earlier, which is only $50 million. Thus, if he closes the sale on the new listing price, he will set to profit $34 million in all as he only bought the expansive two-parcel Los Angeles estate for only $18 million.

The Los Angeles Times noted that he had two separate transactions for these two parcels of land in 2005 and in 2008. The family of Herbert Kalmus was reportedly the former owner of the said property. Kalmus was another businessman known for being the co-founder and president of Technicolor Motion Picture Co.

The successful businessman sought the services of Samira Gores and Christine Martin of The Agency to handle its listing.

The Bel-Air estate rests on 3.2 acres of California land. The private estate has a 15-car garage on it, noted the site, citing listing details. There was once a 1920s mansion built on it but it had been demolished.

Two years ago, Gores also sold his Mulholland Estates mansion to former "Two and a Half Men actor" Charlie Sheen for $4.8 million, Variety reported in 2013. The Sherman Oaks home features five bedrooms and six bathrooms. However, the "Spin City" actor is rumored to offer it back to market, the site informed recently.

Although he sold the Mulholland Estates for almost $5 million and even if he gets the whole $52 million amount he is asking for the Bel-Air lot he just advertised, the almost $57 earnings are just a drop of his total net worth.

Forbes noted that as of November 2015, Gores has an astounding net worth of $3.3 billion under his name and is currently the 194th richest man in the world.

In September, Detroit Free Press announced that private equity investor Gores now owns 100 percent of the Pistons' stakes after buying 41 percent of the stakes owned by Platinum Equity, citing firm partner Mark Barnhill. Platinum Equity is also a firm which Gores owns, where he serves as the founder, chairman and CEO of the company.

"The deal has been in the works for some time. Given the finite lifecycle of the private equity fund, we needed to plan how best to manage the fund's exit. It was just completed this week," Barnhill stated.

This move by Gores may mean a longtime commitment for the Pistons team, the Detroit outlet suggested.

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