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The onetime home of rock star Eric Clapton in Los Angeles, Calif., is returning to market for $5.495 million—a price increase of nearly $750,000 from the last time it was on the market five months ago.

Seller Stephen Meadows has been trying to sell the contemporary home off Venice Beach for several years. He first put it on the market in 2011 for $2.5 million, saying he would donate any proceeds over the asking price to relief efforts in Japan. The house didn’t sell. Mr. Meadows relisted the home in July of last year for…