Home >> Celebrity Houses in California >> Jason Segel Buys Another House In West Hollywood

Jason Segel Buys Another House In West Hollywood

Posted in Celebrity Houses in California, Celebrity Houses in Hollywood Hills, French Chateau Style Houses | 0 comments

Bedroom: 5

Bathroom: 3

Size: 6,500 sq ft

Price: $1,849,000

Jason Segel purchased a home in the Hollywood Hills back in 2007 for just under $2.5 million. Then in the spring of 2010 Segel decided to follow in the footsteps of late night show host, Jimmy Kimmel, and sink even more money into the real estate market. Between these two Tinsel Town celebs there is now much less available land to buy near the LA based Chateau Marmont Hotel.

Segel has added to his private retreat by shelling out $1,849, 000 for two parcels of land that bordered his original property. This purchase of prime real estate has also helped catapult him into the role of a ‘major player’ should Andre Balazs, the owner of Chatueau Marmont, decide to extend the current property boundaries of his own historic LA landmark.

This could well be a vivid example of ‘money attracting money’. Why else would Jason Segel be so anxious to expand his real estate holdings in the Hollywood Hills if not for the investment potential?

According to well placed sources the latest trend for Hollywood celebs with deep pockets is to sink their money into real estate near the Chateau Marmont Hotel. The land is valuable, the scenery is breathtaking and they can scoop up great real estate deals at bargain basement rates.

Segel’s first purchase was a 4 bedroom, 4 bath Spanish style home which included 2876 square feet of living space. Now, thanks to the current prices of real estate he was able to acquire yet another ritzy compound, a 5 bedroom, 3 bath chateau with a swimming pool for nearly a half million dollars less than what his Spanish influenced hacienda cost.

Now Segel can choose to expand his own housing compound, rent out that second home or hold onto this piece of real estate until someone offers him a chance to double, or triple his investment.