Kylie Jenner Buys Miley Cyrus & Kylie Jenner Hidden Hills Development Site For $15M
$15,000,000
$833/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
May 5, 2020
AI
Miley Cyrus & Kylie Jenner have completed a real estate transaction in Hidden Hills. The property involved in the deal is a development site. The purchase was made by Kylie Jenner, who acquired the property for a price of $15,000,000. The site includes an 18,000 square foot main house and a 1,200 square foot guest house.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $15,000,000
- Market: Hidden Hills
Miley Cyrus, who previously owned the lot, used it as an equestrian estate to store her horses. In 2018, she sold the property for $5,000,000. The current seller obtained approval to construct an 18,000 square foot main house and a 1,200 square foot guest house on the site.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93