CELEBRITY REAL ESTATE: Rihanna, born Robyn Rihanna Fenty, a Barbadian American pop star singer has sold her Los Angeles property for $6.5 Million, which has been on and off the property market since 2018. It was eventually sold at a loss.
WHAT WE KNOW
American pop star and legendry Rihanna has reportedly sold her property located in Los Angeles for $6.5 million, which was sold at a loss of about $1.5 million from the amount she initially bought the property.
The Los Angeles home was reportedly sold after 4 years of marketing effort, though the property has been in and out of the market space since 2018, according to information on PropertyShark.
Rihana is 34 years and known to be an entrepreneur, and with reasonable investment in real estate, in addition to her singing career.
The American singer has owned the Los Angeles home with land area measuring 7,130-square-foot, a Mediterranean-style home since 2017, according to records with PropertyShark, Mansion Global has reported.
The property is located at Hollywood Hills in Los Angeles, a neighbourhood that is known to house most American celebrities. It has six bedrooms, 10 bathrooms and great city views.
Further description of the property includes “amenities such as screening room, a chef’s kitchen with an adjacent family room, a formal dining room, a billiards room and a primary bedroom suite with a fireplace, sitting area and spa-like bathroom.
“The incredible grounds are perfect for entertaining with extensive outdoor space overlooking an infinity pool, grassy yard and ample parking for guests,” according to the listing details.
Clariform reports that the property according to available reports was also listed for rent at a rental price of $35,000 per month, but was first listed for sale at a price nearly $7.5 million in 2018.
Since then, it was taken in out of the market at different price entry and exit points. In 2021 the property was listed at nearly $7.8 million and then later reduced to $7.3 million.
It was eventually sold at the amount of $6.5 million just last week according to Mansion Global. This is after it had earlier left the market around January of this year.
