Former Prince manager lists renovated LA home for nearly $5 million after flip

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Bob Cavallo, once a manager for Prince, carried out a major renovation on a house in Nichols Canyon that he had originally planned for a relative. The residence was built in 1988 and was updated to suit today's buyers. Among the changes, a dumbwaiter shaft was converted into an elevator to improve access. Following the work, Cavallo put the property on the market at close to $5 million.

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