Kim Kardashian Acquires Malibu Single Family Property For $70.4M From Adam Weiss
Malibu, California, United States
$70,400,000
$10,057,142/SF
Building Size
7 SF
Asset Type
Single Family Residence
Closing
Sep 18, 2022
AI
Kim Kardashian has purchased a single-family property in Malibu for a staggering $70,400,000. The property, situated on 3.18 acres, boasts a spacious 7,450 square feet and offers breathtaking views. The sale price equates to an impressive $9,450 per square foot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $70,400,000
- Market: Malibu
- Acres: 3.18
In this high-profile deal, Kim Kardashian acted as the buyer, representing SKIMS, her own brand. The seller, Adam Weiss, orchestrated the transaction. The purchase highlights Kim Kardashian's ongoing ventures in the real estate market, as she continues to expand her impressive portfolio.
Players
Malibu Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93