John Mayer has put his Los Angeles home up for sale, with an asking price of $1.3 million - $475,000 less than he reportedly paid for it in 2006.
John Mayer has put his Los Angeles home up for sale, with an asking price of $1.3 million.
The 'Gravity' singer will take a loss on The Apartment as he bought the property in the upscale Pacific Palisades area of the city for a reported $1.75 million in 2006.
According to sources the four-bedroom apartment is "perfectly suited" to the 33-year-old star's bachelor persona, and comes complete with "classy furniture, cozy fireplaces, purple velvet curtains and a disco ball".
Though John is selling the property at a loss, he doesn't appear to be suffering any financial difficulties.
Last week, he was reported to have leased an $8 million Mediterranean mansion with seven bedrooms and nine bathrooms and includes a state-of-the-art recording studio, just outside of Los Angeles.
He also has a $2.1 million home in New York's SoHo area which he bought in 2005, which counts supermodel Tyra Banks as a neighbour.
John is not the only star to be selling one of his homes for a loss.
Alicia Keys has just reduced the asking price of her New York mansion in the rural area of Syosset from $3.5 million to $2.99 million, after she hasn't been able to find a buyer since it went on the housing market in June.
Singer Sheryl Crow recently failed to sell her Tennessee Cross Creek Farm estate, despite dropping the asking price dramatically from its original $7.5million.
She had put the property up for online auction, but on the last day of bidding the highest pledge stood at just $1.125 million and at the close of the sale the reserve was not met.