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.
After less than two months on the market