Cameron Diaz bought LA home for $1.8m, later sold it to Ariana Grande for $4.9m
Ariana Grande purchased a Hollywood Hills home from Cameron Diaz for $4.9 million in an off-market transaction. Diaz had originally bought the property in 2004 for $1.8 million and used it as a buffer property, performing several renovations over the years.
Why it matters
This transaction reflects the high-value, private nature of the luxury real estate market among celebrities in Los Angeles.
Cameron Diaz bought the Hollywood Hills home in 2004, but she never lived in it. She kept it as a buffer property beside her own residence. Nearly two decades later, Ariana Grande bought the house for $4.9 million in an off-market deal, adding another property to her growing real estate portfolio, ABC reported.A Hollywood Hills home with Sunset Strip viewsBuilt in 1950, the mid-century home sits at the end of a small cul-de-sac, with breathtaking views of Los Angeles’ famous Sunset Strip. The home spans 1,800 sq. ft. and has two bedrooms and two-and-a-half bathrooms. It sits on half an acre of land, much of which is steep hillside. The tall black gate, hedges and trees give the house the privacy its famous owners seek.
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