Sandra Bullock, Justin Bieber and Other Stars Who Lost Money on Real Estate in a Booming Market
As the Los Angeles housing market has gone up and up, some high-rolling real
estate players are selling their mega-mansions — surprisingly — at a loss.
Trevor Noah recently sold his Bel Air mansion for $26.4 million, more than $1
million less than he paid for it in 2020. Michelle Pfeiffer and David E. Kelley sold
a Pacific Palisades home for $6.5 million, $1.2 million less than they paid for it
in 2018. Earlier this year, Sandra Bullock sold a condo in West Hollywood’s
Sierra Towers in an off-market deal to
director Todd Phillips. According to
Dirt.com, she paid $5.1 million for it in 2017
and unloaded it for $3.6 million, making for a $1.5 million loss.