The Herbie: Fully Loaded star bought the three-bedroom apartment in Sierra Towers, just off the Sunset Strip, in 2005.
She purchased the condo for $1.9 million, but has been living at the famed Chateau Marmont hotel just down the street.
Lohan was reportedly staying at the hotel while she was redecorating her new digs, but apparently changed her mind and decided to sell.
The 19-year-old star has put the house on the market for $2.85 million.
A Los Angeles real estate tells People, "It was an investment. She'll make a nice turnaround."
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