UPDATE: Like Katy's hit song, real estate deals run Hot N' Cold, and this one did, falling through. The pop starlet, in response, slashed $507,000 off her asking price, bringing it down to $5,988,000, according to our friends at Redfin.
Listed at $6.495 million, the 8,835 square-foot home sits on 3 acres near the historic Chateau Marmont Hotel and although the trustee was first named as Brand when purchased in 2011, the home was transferred over to Perry in 2012 after the couple split.
The 7-bedroom, 9-bathroom estate boasts gorgeous views of the Los Angeles skyline and is gated for privacy.
The Mediterranean-style home was built in 1921, Redfin reports, and it retains many of the original features, including rod iron fixtures, intricate tile, art glass windows and arched ceilings and doorways.
Outdoor living space features a lagoon-style pool with a waterfall.