After managing to successfully sell his custom-built Montecito home last month for a price of $44.5 million, Rob Lowe is back to investing in real estate. This time, it’s a $5.2 million fixer-upper in Montecito, Calif., which is comparably much smaller than his previous home since his kids no longer live with him.

ROB LOWE JOINS THE 90210 ZIP CODE, AND YOU *MUST SEE* HIS HOME’S WINDOW-WALLS: PHOTOS

The new home spans 4,275 square feet and comes with three bedrooms and four bathrooms.

Scroll through the gallery below to see the actor’s new humble abode!

 

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