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Actress Rose McGowan, most remembered as a sultry sister on the witch-themed sitcom, “Charmed,” is ready to sever her Los Feliz real estate ties and has recently put her romantic, Spanish-style villa on the market.

Listed for $1,749,000 back in 2004, The Real Estalker uncovered that Ms. McGowan scooped up the 4,278-sq ft abode after only one day on the market. It must have been a hot real estate commodity because records show she paid $1,850,000 to make the house her own. Asking price for the home is $1,849,000 – just $1,000 less than her purchase price (ouch!)

The 37-year-old actress isn’t alone in feeling pocket-book pain when it comes to a Los Angeles real estate investment. According to Zillow Real Estate Market Reports, Los Angeles home values are down 2.1 percent since November 2010; Los Feliz home values are down 5.3 percent. Not to mention the median list price in Los Feliz is down 13 percent year-over-year.

McGowan’s Los Feliz home was originally built in 1928. The gated and walled estate features a spacious master suite with private balcony, 3 additional bedrooms, 3 bathrooms, a large formal dining room, gourmet kitchen, and a cozy patio in the back. In addition to vaulted beamed ceilings, peg-and-groove hardwood floors, and large, arched windows, there are period fixtures and finishes throughout, giving this home unique character, reminiscent of the historic streets of Spain.

> See more Los Feliz real estate

> See Los Feliz home values

Read more Celebrity Real Estate news:

> Ashton Kutcher Lists His Bachelor-Era Home for $2.6 Million

> Jennifer Aniston Eyes New York Penthouse

> Brittany Murphy’s Former Home Avoids Foreclosure Auction

> 93-Year-Old Zsa Zsa Gabor Selling Bel Air Mansion

About the Author

Lauren Riefflin manages news around Zillow Mobile communications and works closely with Zillow's real estate economists in preparing Zillow's real estate market reports. She also focuses on celebrity real estate news as both a Zillow Blog author and manager of celebrity content relationships.

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