Actor Ryan Kwanten has sold his northern beaches investment after 25 years ownership.
The True Blood star secured $550,000 for the Manly studio apartment after 78 days on market.
The Addison Rd studio was marketed by Rob Hedges of Sweetnams Real Estate as having excellent rental yield potential. It has been recently repainted and carpeted.
It was bought in 1999 when Kwanten was playing lifeguard Vinnie Patterson on the long-running Home and Away.
He paid $162,000 for the 28sq m unit two years after he made his debut in Summer Bay following appearances on A Country Practice and the sitcom Hey Dad.
Kwanten’s unit is on the ground floor of the Regents Court complex, just south of the Manly Wharf.
The last time it was advertised for rent was in 2018 at $420 a week.
The mid-1970s built block, with a swimming pool, has only had one other studio sale this year, two doors along from Kwanten’s; it also fetched $550,000 after being on the market for 50 days.
Kwanten moved to California in 2004 and lives at Venice Beach with his partner, nutritionist and health coach Ashley Sisino.
Kwanten will still retain a foothold in the Sydney market as, since 2017, he’s owned a two-bedroom investment apartment in Balgowlah which cost $1m.
The SAG Awards nominee is set to star in the upcoming sci-fi horror movie Primitive War alongside Tricia Helfer and Jeremy Piven.