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Malibu

Updated Dec 3, 2024

Jeff Bezos And Lauren Sánchez Rent Kenny G's Malibu Estate For $600K/Month
LEASEDSingle Family Residence

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

Amazon
AmazonTenant

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Lease transactions

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Deal FAQ

About $600 per square foot on a published $600 for 5,500 square feet (2023).

Visit Jeff Bezos to view all their deals.

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

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