Michael B. Jordan, known for his role in “Creed,” is placing his Los Angeles residence on the market for $12.995 million, as stated by the listing agent Andrew Mortaza from The Agency.

Situated in the upscale Royal Estates neighborhood of Encino, the estate spans around 12,300 square feet and comprises eight bedrooms. Andrew Mortaza, in collaboration with Bryan Castaneda, is responsible for managing the listing.

In May 2022, Mr. Jordan acquired the property for $12.51M and invested approximately $500,000 in enhancing the security and air conditioning systems, according to Andrew Mortaza.

Despite being contacted for comment, representatives of Mr. Jordan did not provide a response.

Constructed in 2021, the estate boasts amenities such as a gym with a hot tub, a home theater featuring a concession stand, a glass-enclosed wine room, and even an elevator. Notably, the primary bedroom suite encompasses two spacious walk-in closets, which often elicit a strong reaction from visitors, as pointed out by Mr. Mortaza.

Occupying roughly half an acre, the property also encompasses a two-story guesthouse, a detached massage room, a pool, an outdoor kitchen, and a cabana complete with a fireplace. As for the reason behind Mr. Jordan’s decision to sell, this remains unknown to Mr. Mortaza.

Michael B. Jordan, renowned for his roles in “Creed” and “Black Panther,” is both the director of the upcoming film “Creed III” and a co-founder of Obsidianworks, a marketing company.

According to real estate brokerage Redfin, Encino’s median sale price was approximately $1.18 million in November, indicating a 6.2% decline from the same month in 2021.