One Los Angeles real estate agent told People magazine: "It was an
investment. She'll make a nice turnaround."
Lindsay bought the home in Sierra Towers - which also boasts Cher and
Matthew Perry as residents - in 2005 for just $1.9 million but never moved
in.
Instead, the 20-year-old took up residence in the renowned Chateau Marmont
hotel.
Lindsay is also hoping the move will help put her stalker off the scent.
The actress has been receiving letters from a male fan giving her his name
and phone number and begging for them to meet up.
According to reports, the same person has been sending bunches of flowers to
the 20-year-old star on the set of her new movie 'Georgia Rule'.
As a result of the unwanted attention, Lindsay has been forced to beef up
her security.
She revealed: "He said he was going to be at the Chateau Marmont before my
birthday and prove to me that we're meant to be together, even if he has to
take me away and teach me.
"They have a picture of him there. It's scary."