According to listing agent Andrew Mortaza of The Agency, “Creed” star Michael B. Jordan is asking $12.995 million for his Los Angeles residence. The “Creed” actor paid about $500,000 to upgrade the property’s air conditioning and security systems after purchasing it in May 2022.

According to Mr. Mortaza and his colleague Bryan Castaneda, who are listed on the property, the eight-bedroom, nearly 12,300 square foot mansion is situated in Encino’s exclusive Royal Estates area.

Mr. Jordan paid $12.51 mιllιon for the house in May 2022 and invested roughly $500,000 improving the air conditioning and security systems.

The mansion was constructed in 2021 and has an elevator, a wine room enclosed by glass, a home theater with a snack bar, and a gym with a hot tub. The master bedroom suite has two enormous walk-in closets. He claims that’s the biggest “wow” factor for guests.

According to Mr. Mortaza, the nearly half-acre property also includes a two-story guesthouse, a separate massage room, a pool, an outdoor kitchen, and a cabana with a fireplace. He claimed to not understand Mr. Jordan’s motivation for selling.

Later this year, Mr. Jordan, who starred in the “Creed” and “Black Panther” movies, will appear in “Creed III,” which he also directed. In addition, he helped start the marketing firm Obsidianworks.

According to the real estate agency Redfin, the median sale price in Encino was roughly $1.18 mιllιon in November, a 6.2% decrease from the same month in 2021.