Pop star Rihanna has listed a Beverly Hills Post Office-area home at $4.5 million, substantially less than the $6.9 million she paid two years ago.
The listing describes the house as a "major fixer" with "extensive damage from moisture and water intrusion" at the roof, windows, doors and balconies. The property will not qualify for bank financing, according to the listing, so potential buyers will need cash, a contractor and perhaps an umbrella, to borrow the title of one of Rihanna's early hits.
The 8,520-square-foot, three-story contemporary includes a den, media room, breakfast area, three fireplaces, eight bedrooms and 10 bathrooms. The gated estate sits on more than three-quarters of an acre with a swimming pool.
The singer-songwriter is a four-time Grammy Award winner. At 23 she is already one of the world's top-selling recording artists. Her sixth studio album, "Talk That Talk," is due out this month.
John A. Woodward IV of Coldwell Banker's Beverly Hills north office and John Galich of Rodeo Realty are the listing agents.