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Celebrity homes: 'Oz' star James Franco buys Beverly Hills duplex (Video)

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Modest movie star James Franco, the actor who will be playing the character Oz in the new Disney film "Oz: The Great and Powerful" (co-starring actresses Rachel Weisz, Michelle Williams, and Mila Kunis), has never been one to brag or boast about his accomplishments. He's also been frugal with his displays of wealth -- including choosing his celebrity homes.

Not following the Hollywood crowd or succumbing to peer pressure from other rich and famous people, the smart young college student has elected to invest in a duplex.But he did not buy just any old ramshackle shack -- he's purchased one of the coolest little places a college age student could own in California.

"Rather than pick up a mock-Mediterranean manse in Beverly Hills, the actor (as well as writer, college teacher and poet) bought a duplex in Silver Lake, according to the Real Estalker blog..." said NBC. But why buy such a small place? Apparently because the new homeowner is very busy and really did not feel he needed to maintain too large of a home space.

"For the past few years Franco has been living in New York, where he was simultaneously attending Columbia University and New York University for writing and filmmaking. He also is a English Ph.D. candidate at Yale. In between classes, Franco has starred in acclaimed films such as “127 Hours” and “Milk.”..." said the mainstream media news source.

According to Zillow property records, the duplex was purchased back in August for $775,000 but the news Franco is the new owner just broke. NBC says, "Franco’s new home is described as a “mini compound” with a main 2-bed, 1.75-bath home and additional attached 1-bed, 1-bath area with kitchen and deck that can be used as a rental or space for family and friends to stay."

Franco previously hosted the Academy Awards for one season with actress Anne Hathaway, a Disney princess herself. Now that he's going to be a Disney prince, chances are he will grow even more famous himself.

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