You will be redirected back to your article in seconds

James Franco Cashes in on Silver Lake Micro-Compound

Los Angeles, Calif.
$1.35 million
Two bungalows with a total of 2-3 bedrooms and 3 bathrooms

After less than two months on the market, entertainment industry hyphenate James Franco, director, producer and star of the critically acclaimed bio-dramedy “The Disaster Artist,” sold his two-residence micro-compound above L.A.’s Silver Lake for $1.35 million. An aggressive bidding war drove the sale price to more than 40% above its $949,000 asking price and almost twice the $775,000 Franco paid for the property in August 2012.

The property comprises two small, detached Andalusian-style bungalows cleaved to a hillside above a street-level one-car garage and a separate two-car car port. The smaller, lower unit, atop the enclosed garage, has one bedroom, one vintage tiled bathroom, an eat-in kitchen with original cabinetry and Saltillo floor tiles and a living room with a hardwood floors, a handsome Palladian window and a slim balcony that overlooks the street.

A long, glute-firming exterior stairway passes a roomy terrace atop the two-car carport as it climbs the hillside to the larger residence, a charmingly quirky three-story villa with one and potentially two bedrooms and two bathrooms plus an office/art studio with exterior entry. A slender living room with wood beamed ceiling and time-worn Saltillo floor tiles is open to the compact but smartly arranged kitchen that’s fitted with butcher block counter tops. There’s a tiny laundry room and bathroom tucked behind the kitchen and a slim stairwell divides the living/kitchen from an ample dining room that opens through French doors to the terraced gardens behind the house. Upstairs the bedroom has an open, over-the-treetops view, a decorative white brick fireplace and an unexpectedly spacious walk-in closet/dressing room. A small sunroom is convertible to a pint-sized second bedroom and there’s also a compact hall bathroom. A small loggia outside the main bedroom has exterior stairs to a penthouse level office/art studio with wood-trimmed casement windows that provide open, westerly views over the Silver Lake reservoir towards the Griffith Park Observatory.

Franco was represented in the sale by Andrew Morrison of Redwood Real Estate Brokerage and the buyer by Imraan Ali at Compass.

The always busy as a beaver “127 Hours” Oscar nominee, who has more than a dozen projects in various stages of production including the historical drama “The Mad Whale,” the comedy-drama “Zeroville” and the Coen brothers western-themed TV mini-series “The Ballad of Buster Scruggs,” previously owned a 1920s Mediterranean villa directly across the street from the ever-chic Chateau Marmont Hotel that he snapped up in 2006 for $2.35 million and sold in early 2010 for $3.3 million.

More Dirt

  • Jason Aldean Sells Nashville Mansion

    Jason Aldean Sells Mansion Near Nashville

    Platinum selling country music hitmaker Jason Aldean has sold a comfortably luxurious mansion some 40 miles south of Nashville for exactly $7 million. Dubbed the Talley Estate, the secluded 120-acre property was acquired by Aldean and former “American Idol” contestant Brittany (Kerr) Aldean just over three years ago for $5.35 million. Approached via a nearly [...]

  • Annie Potts House

    Film and Television Veteran Annie Potts List Mid-Century Sherman Oaks Home

    Veteran film and television star Annie Potts and husband James Hayman appear to have caught a classic case of the Celebrity Real Estate Fickle, setting a mid-century residence in a secluded neighborhood just below Mulholland Drive in the foothills above Sherman Oaks, Calif., out for sale at $1.795 million after they bought it just over [...]

  • Ben McKenzie House

    ‘Gotham’ Star Ben McKenzie Sells Gotham Condo (EXCLUSIVE)

    “Gotham” star Ben McKenzie has sold a condo at the eco-minded Riverhouse complex in New York City’s Battery Park City that was last listed at $2.675 million. (Property records do not yet reflect a purchase price.) Married in 2017 to his Brazilian born and New York City raised “Gotham” co-star Morena Baccarin, the former “O.C.” [...]

  • Harry Styles House

    Harry Styles Still Seeking Sale of Sunset Strip Villa

    After more than 2.5 years on and off the market with an original asking price that pushed up on $8.5 million, British pop music phenom Harry Styles now has his modern villa above L.A’s Sunset Strip listed at $6.995 million. Once carrying costs, improvement expenses and real estate fees are calculated, the heavily tatted-up 25-year [...]

  • Vanessa Hudgens House

    Vanessa Hudgens Seeks Sale of Longtime Studio City Home

    Actress, recording artist and “So You Think You Can Dance” judge Vanessa Hudgens has her longtime home in the foothills above Studio City, Calif., up for sale at $3.85 million. The “High School Musical” franchise alum, who had a plum role earlier this year in the technical issue riddled televised musical “Rent: Live” and is [...]

  • Vance Owen Bel Air Mansion

    Producer Vance Owen Upgrades to Bel Air Mansion (EXCLUSIVE)

    Though he produced one of 2018’s worst performing and universally excoriated films, the John Travolta-starring biopic flop “Gotti,” personal injury attorney and prolific B-movie producer Vance Owen has nonetheless upgraded his real estate circumstances from a celeb-pedigreed Sunset Strip contemporary to an almost $6.9 million Mediterranean-inspired villa in the rustic-luxe upper reaches of L.A.’s Bel [...]

More From Our Brands

Access exclusive content