Lindsay Lohan's West Hollywood condo on the market for $2.85 million

[vballchica134]

Sometimes fast-moving Lindsay Lohan doesn't even leave footprints: That's the case with the actress's West Hollywood condo, which she's put on the market for $2.85 million, PEOPLE reports in its new issue.

Lohan paid $1.9 million for the 2,100-sq.-ft., three-bedroom pad in Sierra Towers, just off the Sunset Strip, in 2005 – but never moved in.

Instead, the actress, who has been filming Georgia Rule in Los Angeles, has been bunking at the famed Chateau Marmont hotel.

So why did she buy the apartment in the first place? "It was an investment," suggests one L.A. real-estate agent. "She'll make a nice turnaround."

The big question now: From whom will ex-neighbors Cher and Matthew Perry borrow sugar?

http://people.aol.com/people/article...328497,00.html

[SVZ]

I hate that they can just spend so much money on crap....I'd put it in a savings account and just live off the interest!! or maybe invest

[mtlebay]

^^ If she does get the asking price, that's almost a $1 million profit. Which savings account will give that much interest in a year????????? She is investing wisely.

[SVZ]

has been bunking at the famed Chateau Marmont hotel.

She's probably spent more money just doing that...

And I doubt she's smart enough to do any flipping

[Warren]

nothing better then staying in a 5 star hotel.

[happy8]

Ok... she did it as an investment???? Sure, if she lived there. A few months ago there was a report that she racked up $500K renting her bungalow at CM. That is not wise investing in my book.

Miss Lohan best start investing better as her career will not last very long at the rate she's going.

[redcat]

if she get that price . I remember Brad Pitt and Jen A didn't get the initial price for their house .

[Daphne]

The housing market is down across the country, but particularly in LA. I doubt she'll get the asking price.

[venue_26]

Not only that, but unless she rolls her profit into another home she is going to have to pay capital gains.

I don't think she bought that place as an investment, I think her rep is just trying to save face for her.