Singer Jason Nesmith, whose father is former Monkees frontman Mike Nesmith, has paid $500,000 for a 1,493-square-foot condominium unit in Los Angeles' Valley Village area.

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In a Big Time Listings exclusive, we can report on Jason Nesmith's purchase, which took place earlier this year. Built in 1974, the condo unit has two bedrooms and three baths, according to public records.

Nesmith, 39, purchased the unit from a man who had bought it in 2003 for $275,000, according to public records.

Valley Village is a part of the San Fernando Valley that is west of North Hollywood and north of Studio City.