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Photo: KIKA/WENN.com
Red Hot Chili Peppers' Flea will see in 2021 with a boosted bank balance, after offloading his Malibu mansion for a staggering $20 million .
The rock band bassist managed to secure a $10 million profit on a large compound in the luxury Encincal Bluffs area of the city.
According to Variety, Flea - real name Michael Balzary - purchased the property in 2006 for around $9.9 million, but sold it for $20 million in an "all-cash, off-market deal". The outlet added the mansion is estimated to have around 2,700 square feet of single-storey living space, as well as two detached guest houses, a half-sized basketball court and off-street parking for at least 12 cars.
The sale comes less than two months after Flea downsized to a $7.5 million cottage in the Malibu Colony gated community.
