"Celebrities can make a lot of money out of real estate," said David Parnes of Million Dollar Listing Los Angeles. "I know that Ellen DeGeneres recently purchased a house and then Sean Parker came and bought that house from her for a lot more money. I think it really does influence the price. People want to buy a celebrity house -- celebrities want to buy a celebrity house."
A Los Feliz home once owned by actress Liv Tyler is on the market at $3.85 million.