Updated Dec 3, 2024
Jeff Bezos And Lauren Sánchez Rent Kenny G's Malibu Estate For $600K/Month
Malibu
$600
$600/SF
Building Size
5,500 SF
Asset Type
Single Family Residence
Closing
May 31, 2023
About this deal
AI
Kenny Gorelick, also known as Kenny G, has leased his Malibu estate to Amazon founder Jeff Bezos and his girlfriend, Lauren Sánchez. The couple will be renting the property for $600,000 per month while their $165 million Beverly Hills property is undergoing renovations. The Malibu estate offers a main house, guest house, recording studio, and access to Little Dume Beach.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $600,000/Month
- Square Footage: 5,500
- Market: Malibu
Jeff Bezos and Lauren Sánchez chose to lease Kenny G's Malibu estate as a temporary residence during the renovation of their Beverly Hills property. The estate provides the couple with ample space and luxurious amenities, making it an ideal choice for their short-term accommodation needs. It is not surprising that they opted for a high-end property that offers privacy and access to a pristine beach.
Note: The Beverly Hills property, valued at $165 million, features a Georgian-style main house, guest houses, a tennis court, and a golf course. While the couple enjoys the beauty and comfort of the Malibu estate, they are also investing in their primary residence's transformation to create an even more lavish living space.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
26438.33%
Cash-on-Cash
-7556.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93