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