Odd, seeing that a $1,700,000 loan was taken out on the property on Mulholland in 1997.
Must not be too bad of a property.
Pretty much any property on Mulholland would easily be worth more than 1.7 million. For the address, if nothing else. There's a number of "bungalow" sized places on Mullholland similar to the one described in the article that are inhabited by some very wealthy people. Of course, at the other end there's the Spelling-sized compounds. I couldn't even guess what his place would be worth.
Brando's place is on a decent sized chunk of land, at least in LA terms. So he's got that going for him too.