Leonardo DiCaprio might be just as well known for his real estate transactions as his stellar acting career. The Revenant star just sold one of his Studio City homes for $2.395 million after only being listed on the market for a couple of months, netting him a quick handsome profit of $187,000.
The 41-year-old star owned the property for only two years, and originally listed it at $2.395 million.
Just over the hill from Hollywood, the 3,407-square-foot, 4-bedroom, 3-bathroom home is situated on roughly one-third of an acre on a quiet residential street nearby the trendy Tujunga Village. Built in 1937, entry to the single story ranch home is made from the brick walkway that leads up to the home’s traditional red front door.
The gourmet kitchen is light filled with white cabinets, French doors, beamed ceilings, Viking appliances, and stunning wood floors in a herringbone pattern.
The spacious living room boasts a welcoming fireplace, an arched ceiling, and hardwood floors that extend into the adjacent open concept dining area. An additional living area features a brick fireplace, mirrored wet bar, built-in shelving, pot lights, and large windows.
The master bedroom oozes natural light thanks to its vaulted ceilings and large glass French doors that lead to the outdoor patio. In fact, most of the rooms in the home feature large French doors that help spread natural light throughout, and open up to the home’s impressive manicured lawns and mature trees.
The master bathroom is white from head to toe, and features dual pedestal sinks, a sunken tub, and large windows.
The exterior retreat features an enormous swimming pool and an adjacent brick-floored patio that’s covered with an impressive wood pergola to provide a little relief from LA’s scorching sun.
This home isn’t the only real estate deal that the Oscar-winner has recently been working on. The actor is also selling his beachfront home in Malibu, which up to now has been filling his pockets with $50,000 a month in rent. The home is situated on Billionaire’s Beach, which is named so because of the stretch’s extremely wealthy residents, including entertainment exec David Geffen and software CEO Larry Ellison.
The two-story, 1,765-square-foot home was built in 1950, and features three bedrooms, two bathrooms, open concept living and dining areas, updated galley kitchen, spacious oceanfront deck with a hot tub, and private beach access.
The Wolf of Wall Street star was originally asking $10.95 million for the property, and has now dropped it down to $9.995 million. If he gets close to that asking price, he’ll be enjoying a cool $8 million profit after purchasing the place for $1.6 million in 1998.
DiCaprio’s real estate portfolio is a deep one, which includes at least three homes in LA, three apartments in New York City, an amazing mid-century expanse in Palm Springs, and co-ownership of Blackadore Caye, a private island in Belize that’s currently in the works to have a luxury resort built on it.
The luxury real estate market in Los Angeles is unlike any other, and as such, it requires the assistance of a professional team of real estate brokers who are well versed this unique market. If you are considering getting into the luxury real estate market in LA, we’d love to help. Call us today to get started on your real estate journey in LA.
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(all data current as of 9/23/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.