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.
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.