Redfin/AP
Dre bought the six-bedroom home back in December 2011 for $15.4 million through a trust, according to property records.
The home spans 9,696 square feet, and looks out onto downtown Los Angeles from the Hollywood Hills.
The music mogul bought Tom Brady and Giselle Bündchen's Brentwood, Calif., home for $40 million last month. His new house will have a moat, terraces, and an infinity pool.
Apple announced in May that it would buy Dr. Dre's company, Beats Electronics, for a whopping $3 billion. Now the famous rapper and entrepreneur is worth a reported $800 million after the deal - looks like he's celebrating with a real estate upgrade.