03/06/2011 10:45 am ET | Updated May 25, 2011

Richard Franklin's Hollywood Hills Bachelor Pad On The Market For $7.5 Million

Via The Los Angeles Times: This four bedroom, six bathroom house has "celebrity party pad" written all over it. Reality shows like E's It's Complicated with Denise Richards and E's Love Is In The Heir were both filmed here, and stars like Def Jam Records co-founder Russell Simmons, Sean "Diddy" Combs, and Fabio have all hosted bashes here. Located in the hills above Sunset, the 6,532 square foot home is owned by glamour photographer Richard Franklin, who essentially made the house a photo studio. Franklin no doubt also bought this home as a bachelor pad, and tricked it out so occupants could throw some of the most lavish, fun parties in town. The home includes a two-story disco, a dancing studio with a pole, casino room, cave grotto with a hot tub and waterfall, and home theater with a floor-to-ceiling screen. There is also a sauna, steam, and shower room for those looking to detox a long night. Oh, and did we mention the pool and spa with panoramic views? The home is listed at $7.5 million, but is also available for lease, perhaps in case any Hollywood heavyweights want to snatch it up temporarily for a couple of epic celebrations. A house like this leaves us with only one final question: what time does the party start?

Photos by Richard Franklin, courtesy of the official listing with Patrick Norman of Rodeo Realty.