The Spanish Colonial estate was listed through Prudential California Realty agent David Offer.
Perhaps Parker's purchase is tied to the fact that he'll soon be having a baby with his long-time girlfriend Boogie Tillmo.
The new home of the "Book of Mormon" co-writer is located in LA's Brentwood neighborhood, and has over 10,000 square feet of property filled with hardwood floors, stenciled ceiling beams, and hand-painted tiles.
It also comes with a whole-house sound system, solar heating, pool house, and at least seven wood-burning fireplaces.