The late singer's four-bedroom, five-bathroom French regency-styled estate where he lived with his then wife Priscilla is on the market for $12.9 million (£8m).
The property, which was built in 1958 and is situated within 1.18 acres of land, is said to benefit from panoramic views of Los Angeles and the Pacific Ocean.
The site of the star's former home is often visited by fans and was previously available to rent for a lease of $25,000 (£15,500) a month.
Since Presley bought the complex in 1967, subsequent owners have remodelled and refitted the kitchen and laundry room, as well as the pool and spa.
Elvis Presley died in August 1977 at the age of 42. He suffered a heart attack and was buried in the grounds of his family estate Graceland in Memphis, Tennessee.
This year, to mark the 35th anniversary of the legendary entertainer's passing, over 75,000 fans held a candlelit vigil outside the gated complex, where they were joined by Priscilla and his daughter Lisa-Marie Presley.
A public auction of items once belonging to Presley also took place last month, with a bible that he kept at Graceland fetching £59,000 (£94,000). A stained pair of pants worn by the singer were expected to sell for close to £10,000 ($16,000) but failed to meet their reserve of £7,000 ($11,000).