Brad Pitt Sells Los Feliz Compound for $39 Million After Nearly Three Decades of Ownership

Actor Brad Pitt has sold his Los Feliz compound in California for $39 million after owning and renovating it for almost three decades. The property was originally bought by Pitt from horror star Elvira for $1.7 million in 1994.

The Los Feliz compound was listed for $45 million in January but the reason for the price drop is unknown. Pitt lived in the house with his ex-wife Angelina Jolie and their six children, but he also used it independently for many years.

He is said to be moving to a $40 million property in Carmel, Northern California. The sale comes just ahead of the implementation of Los Angeles’ new ‘mansion tax’ on April 1, which is reportedly the reason for the increase in A-listers leaving the area.