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James Franco Sells Sunset Strip Compound

Actor James Franco, whose latest role finds him portraying poet Allen Ginsberg in the movie Howl, has just sold his Sunset Strip home.

The house was listed in late September of 2009 for $3.7 million, and recently sold for $3.3 million. Franco originally purchased the house back in 2006 for $2.3 million, so, unlike some other stars, Franco managed to come out ahead on this transaction, although since the home required a major renovation, he may have sunk a lot of money into updates before it was sold.

The 4,000-square-foot, three-bedroom, three-and-a-half bath Spanish-style villa was built in 1923. The home's beautiful open interior spaces and vaulted, beamed ceilings create an airy feel, and a master bedroom suite with city views features a bathroom with a 19th-century marble bathtub. Simply gorgeous. The property is walled and gated for maximum privacy, and also includes a pool and guest casita. Other coveted features include antique architectural details, which were installed during the renovation, and generous outdoor spaces, including lounge areas and an outdoor kitchen. The chef's kitchen, with its La Cornue stove in particular has drawn my eye. It's a beautiful design, and one that's perfectly suited for the home chef.

While the home has been staged to within an inch of its life (with animal hide rugs and sheepskins scattered copiously about each room), the house's handsome bones and beautiful indoor-outdoor California living floor plan speak for themselves. This is definitely a lovely house, and whomever snapped it up is lucky indeed.

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