The home is on a three-acre compound near Chateau Marmont and has been described as a "charming" 1920s Mediterranean oasis, the source reported. It has views of the L.A. skyline and a lagoon-style pool, equipped with a waterfall.
Perry's ex-husband, actor and comedian Russell Brand, purchased the luxury home months after the couple filed for divorce in December 2011, but he relinquished all rights to the place to the Grammy-nonimated singer.
The property is gated and has 8,835 square feet of living space, two guest houses and a carriage house. Additional features include a library with a fireplace, media lounge, center island country kitchen with high grade appliances and a spacious living room.