LeBron James and his family spend time in the sun and on the court at their $20.5 million mansion in Los Angeles

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LeBron James is willing to accept a slight loss in order to sell his massive, colonial-style Los Angeles mansion.

On Monday, the 36-year-old NBA legend listed his Brentwood property for a staggering $20.5 million. In 2015, he purchased the property for $20,986,500.

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The spacious 9,440-square-foot residence has six bedrooms and seven restrooms.

The 2011-built gated property is located in the affluent Rockingham Rim neighborhood, on the same street where O.J. Simpson resided during the murders of Nicole Brown Simpson and Ron Goldman.

The property has been modernised and is furnished with contemporary amenities.

View the interior of the residence where King James resided when he first arrived in Lakers City.

The 20-foot-long lap pool features a spa and poolside pavilion, all of which are reminiscent of a resort.

The residence has a spacious master bathroom with a terrace and two walk-in wardrobes.

The home has two family spaces with an open floor plan and four fireplaces made of stone.

There are also a media room, a nursery, a fitness center, and a mudroom.

The residence also features a library with wooden walls, a lift, and a three-car garage.

The kitchen opens to a spacious breakfast area that provides access to a loggia with fireplaces on one side and a family room on the other.

The family room provides access to an outdoor dining area that is ideal for dinner parties.

In 2017, someone spray-painted a racial epithet on the home’s front gate, which made headlines.

In October, James upgraded to a $36.75 million Mediterranean-style Beverly Hills estate. The residence was once owned by Katharine Hepburn.

Meanwhile, he still owns the $23 million Brentwood property he purchased in 2017.

James inked a two-year, $85 million contract extension to play for the Los Angeles Lakers in December. Prior to this change, he signed a four-year, $154 million contract with the team in 2018.