See If 'X-Men: Apocalypse' And Other Movies Coming Out This Week Are Worth Your Time

John Mayer Loses Money On California Home

2/7/2011 8:56am EST

John MayerRocker John Mayer has become the latest star to take a hit in the Los Angeles housing market after selling his Pacific Palisades pad at a loss.
The singer/songwriter bought the sprawling home in 2006 for $1.75 million but he was unable to turn a profit on the property.

Mayer has sold the gated, two-story home for slightly less than $1.3 million, according to the Los Angeles Times.


John Mayer

Click for more great John Mayer pictures:

Sign up for our daily newsletter with great stories like this and more!

Photo Credits: PR Photos