Elvira sold a Los Feliz house to Brad Pitt. It would later become the hub for his compound (see here). The 5,338-square-foot home cost Pitt $1.7M.
Pitt sold his 4,088-square- foot Malibu house to Ellen DeGeneres for $12M. He had bought the place for $8.4M.
DeGeneres sold a Beverly Hills house she’d owned for only two years to Rick Yorn, manager of the likes of Leonardo DiCaprio and brother of Pete, for $4.5M.
Yorn turned around and sold the house to Jessica Simpson for $5.275M.
Simpson and her ex-husband, Nick Lachey, sold their former love nest in Calabasas (the house Newlyweds was filmed in) for $3.75M to Justin Berfield, the actor who played the oldest son on Malcolm in the Middle.
Investors Ellen DeGeneres has “lost count” of the number of million-dollar homes in West L.A. she’s bought and in many cases, flipped for quick profits, since 1993. Nicolas Cage went bust buying European castles—he was forced to sell two at a several-million-dollar loss.