The five year old home was first placed on the market last year for $9.999 million, according to Curbed LA, but it was listed more recently at $7.949 million, according to The Los Angeles Times.
The spectacular six bedroom property was built in 2011 and boasts a breathtaking view of the neighboring canal.
Though Jean-Claude's asking price has gone done, he still came away with the profit - he snapped up the home for $6 million in 2012, reports the Los Angeles Times.
The home's luxurious amenities include a gym, a wine cellar, elevator, and even six fireplaces - one of which is located inside one of the property's eleven bathrooms.
The home features wide and expansive windows to bring in plenty of natural lighting.
Stylish hard wood flooring wrapped around the house added a chic and modern touch.
The bathroom is complete with a chic white porcelain bath tub, tile walls, and dark wood accents on the wall.
A bar rounds off the spacious kitchen, which is conveniently adjoined to the dining room and a sitting area.
A stunning silver chandelier hangs over Jean-Claude's sea foam green dining table, which sits just feet away from one of the home's convenient elevators.
Ice Cube shot to stardom as one of the members of the rapping group the N.W.A.
They have once again shot to prominence due to the release last year of the film Straight Outta Compton, which charted their dramatic rise and fall.
Since exploding onto the scene, he has enjoyed a prolific career in both music and film, going on to star in a slew of films, including the popular movies Friday and Next Friday.
He will next appear in Fist Fight, which also stars Christina Hendricks, Charlie Day, and Tracy Morgan.
The movie is scheduled for release in February 2017 and is about a school teacher (Charlie Day) who is challenged to an after-school fight after he gets one of the other teachers (Ice Cube) fired.
Jean-Claude, meanwhile, is best for his martial arts skill and roles in films like Bloodsport and Timecop.
Jean has tied the knot five times with four different women and has three children.
The Bloodsport actor was previously divorced from Gladys Portugues back in 1992 before they remarried seven years later; then in March of last year she filed for their second divorce, but then appeared to call it off.
Speaking with TMZ in 2015, the actor suggested things were back on track, citing 'love' and family obligations for inspiring a reconciliation with the mother of his two children.
'The JCVD family is still strong,' the film action hero said. 'The kids are strong, the wife is strong. There's so much divorce around the world and it's very bad for the children.'
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