Kim Kardashian Acquires Malibu Single Family Property For $70.4M From Adam Weiss
SOLD
$70,400,000
California
See Similar DealsSingle Family Residence7 SF
Sold 09/18/2022
SOLD
Kim Kardashian Acquires Malibu Single Family Property For $70.4M From Adam Weiss
Malibu, California, United States
See Similar DealsSingle Family Residence7 SF
Sold 09/18/2022
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$10,057,142
Total Square Footage:7 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,754,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$250,116.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$333,731.92
Annual Debt Service$4,004,783.00
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