Before that, the property had been owned in the ’90s by Blue Note Records president Don Was. The sellers were former Paramont chief Adam Goodman and his wife Jessica, who acquired the formerly ranch-style estate in 2010 for $4.2 million from Emmy-winning animator Gábor Csupó of “Rugrats” fame.
architect Aleks Istanbullu, the three-story architectural estate sold to Flea and his fashion designer wife Melody Ehsani for a nearly $2 million discount off the original $16.9 million ask. Built way back in 1948, but completely renovated in the early 2000s by L.A. Though the house has a coveted 90210 zip code, it’s technically located in the steep mountains above L.A.’s Studio City neighborhood. The Red Hot Chili Pepper has always done well in real estate - last year, he sold a spicy oceanfront Malibu estate for $20 million to hedge fund manager Ross Laser, more than double what Balzary originally paid for the place - so he’s bolstering his real estate portfolio yet again, this time doling out an impressive $14 million for a 1.38-acre Mulholland Drive spread.
Michael “Flea” Balzary already owns two enviable homes in the Los Angeles area, a $7.5 million cottage in the Malibu Colony gated community and a funky $4.3 million compound in the La Crescenta foothills.
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