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Friday, February 26, 2010

Hot Property: James Franco sells Sunset Strip compound for $3.3 million

Actor James Franco, who plays Allen Ginsberg in the film "Howl," has sold his Sunset Strip-area compound for $3.3 million, the Multiple Listing Service shows.


The Spanish-style villa, built in 1923, has three bedrooms and 3 1/2 bathrooms in 4,000 square feet. The walled and gated property includes a swimming pool and a guesthouse.


The property was purchased in 2006 for $2,325,000, according to public records. It came on the market in late September at $3,695,000.


As for Franco's former 90069 ZIP Code, there were 115 single-family home sales in 2009 at a median price of $1,775,000, according to MDA DataQuick, a price drop of 16.3% from 2008. The 2009 sales price per square foot for his ZIP was $723. Considering he bought in 2006, Franco did well.


--Lauren Beale


Thoughts? Comments?  




Full story at http://feeds.latimes.com/~r/MoneyCompany/~3/f9ODjiFFMHk/hot-property-james-franco-sells-sunset-strip-compound-for-33-million.html

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