Joel Madden And Nicole Richie List Los Angeles Starter Home For $1.85 Million

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They've since upgraded to a larger home across town with a pool, but Nicole Richie and Joel Madden are finally ready to unload their starter home in the Glenwood neighborhood of Los Angeles for $1.85 million.

Madden purchased the pad in 2004 for $1.8 million, and Nicole moved in with him before she gave birth to their first child in 2007. The couple dropped $1.9 million on a 5,380-square-foot home off of Laurel Canyon in 2009, so they've been renting this property for the last few years. The last known lease price was $5,950 a month, which was in the summer of 2011.

The 3,200-square-foot gated Spanish-style home has four bedrooms and four bathrooms, and it sits on a .38 acre lot. According to listing info, the house has been "meticulously restored to its 1930 splendor with all the modern conveniences," and key features include hardwood floors, crown moldings, three fireplaces and two walk-in closets.

The foyer leads to the living room, behind a set of french doors is a massive kitchen that boasts granite counters, a vaulted ceiling and stainless steel appliances. Though there isn't a pool, there is a hot tub in the backyard, plus a lovely outdoor entertaining area complete with an awning.

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