Brad Pitt's Los Feliz compound sells for $39M after 3 decades.

Brad Pitt has sold his Los Feliz compound in California for $39 million, nearly three decades after buying it for $1.7 million. The property was originally listed for $45 million in January. Pitt is reportedly moving to a $40 million abode in Carmel, Northern California, ahead of the April 1 start date for Los Angeles' new 'mansion tax'. The tax requires those selling properties worth more than $5 million to pay a 4% transfer tax, with sales exceeding $10 million subject to a 5.5% tax. Pitt reportedly boasts a $100 million real estate portfolio.