Nicole Richie is downsizing!

Trulia is reporting that Nicole Richie and her husband Joel Madden (of Good Charlotte for all you 90s punk rock fans) are selling their Los Angeles estate. How much is it going for? A measly $1,875,000.00.

Nicole and Joel’s main residence is another pad in Los Angeles that the couple purchased together back in May 2009 for $1.9 million. That home has four bedrooms, five bathrooms, an expansive backyard, and totals 5,380 square feet — which is plenty of room for their two children.

The primary residence has become the perfect place for Nicole and Joel to settle down, so they are selling off the property they had purchased ten years ago for $1.8 million.

For anyone who’s interested in buying a new home, Nicole’s old home features an oversized living room, an enormous kitchen, formal dining room, and stunning French doors throughout. We will have to break out our piggy banks to see if we have enough saved up to afford the place.

What do you think about Nicole Richie’s decision to downsize and stick with only one home? Do you think this is a good choice for raising her family? Let us know what you think in the comments below!

Source: Trulia