According to The Sun, the former couple decided to put the property in Orange County up for sale following Bullock's decision to get a divorce.
Bullock announced last week that she had decided to leave James following the allegations that he cheated on her with a number of women.
She is now thought to be living in the Hollywood home she resided in before marrying James in 2005.
The property they shared together allegedly has an asking price of $6m (£3.9m) but the real estate firm in charge of the sale is screening all potential buyers before showing them the house.
Recent reports have suggested that Bullock is planning to move to New Orleans, where her adopted son was born.
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