Prince's former manager seeks nearly $5 million for renovated Los Angeles home bought for $2.75 million

Bob Cavallo undertook a significant renovation of a Nichols Canyon home initially intended for a family member. Originally built in 1988, the house underwent extensive updates to cater to contemporary buyers. These enhancements included transforming a dumbwaiter shaft into an elevator for better accessibility. Post-renovation, the property was listed at nearly $5 million. Cavallo's expertise in music management notably shaped his vision for real estate development.