Prince's former manager seeks nearly $5M for renovated Los Angeles home

A hillside home in Los Angeles has received an extensive makeover, transforming from a dated Mediterranean-style property into a contemporary retreat with carefully selected natural finishes, upgraded amenities and a redesigned outdoor space. Behind the renovation is longtime music executive Bob Cavallo, whose career has included managing some of the music industry's biggest names. According to Mansion Global report, after purchasing the property for $2.75 million in March, Cavallo has now listed the revamped residence for just under $5 million.From music management to real estateCavallo's professional journey has spanned several decades and industries. He has managed celebrated acts including Prince, Earth, Wind & Fire, the Lovin' Spoonful, the Goo Goo Dolls and Alanis Morissette. His involvement in the entertainment business also extended to film production, including the iconic musical drama Purple Rain, the online report explains.He later played an important role in reorganising Walt Disney's music and concert operations into Disney Music Group. The division found considerable success during the early 2000s, working with young performers such as Hilary Duff, Miley Cyrus and the Jonas Brothers.According to Mansion Global, Cavallo originally purchased the Nichols Canyon property for a family member. When those plans changed, he decided to undertake a comprehensive renovation before putting the house back on the market.A complete transformationBuilt in 1988, the 3,762-square-foot residence had four bedrooms but…