The 44-year-old actor has listed the Windsor Square home for $8.495 million (£5.98 million), according to Variety.com.

Designed by the architects at the Hunt, Eager & Burns firm and built in 1908 for attorney Henry O’Melveny, the residence is described in listing descriptions as a 9,708-square-foot "English Craftsman" that is "meticulously restored to its original stateliness".

It features seven bedrooms as well as six full and two half bathrooms.

The house sits amid towering trees on a nearly three-quarter acre double corner lot, and opens to a grand yet inviting mahogany-panelled foyer. David is certainly looking to make a substantial profit on the house, after snapping it up for $7.15 million (£5 million) in August 2014, the year after his divorce from Friends actress Courteney Cox was finalised.

Arquette and Cox, who share daughter Coco, 12, are well known in property circles for their interest in architecturally significant properties.

They previously co-owned and painstakingly restored an A. Quincy Jones designed mid-century residence in the lower section of the Trousdale Estates area of Beverly Hills, which they picked up in 2004 for $5.45 million (£3.8 million) and sold in July 2014 for $17,995,000 million (£12,126,738).

Arquette, who is currently producing the Celebrity Name Game programme, is now married to Christina MCLarty, 35. The couple have a two-year-old son named Charlie.