Troubled Lindsay Lohan has found something to smile about - she has turned a $500,000 (£246,400) profit on a condominium she didn't set foot in.

The actress has spent more time in rehab in recent months than she did at the swanky Sierra Towers home in Beverly Hills she bought last year (06) for $1.9 million (£974,350).

And now she has sold the pad she hoped to remodel for close to its $2.5 (£1.3 million) asking price.

Had Lohan moved into the three-bedroom space - located just off Los Angeles' Sunset Strip - she would have become a neighbour to fellow stars CHER and MATTHEW PERRY.