Kourtney Kardashian Acquires La Quinta SFR From Richard Doan For $12M
SOLD
California
See Similar DealsSingle Family Residence9,335 SF
Sold 09/06/2021
SOLD
Kourtney Kardashian Acquires La Quinta SFR From Richard Doan For $12M
La Quinta, CA, USA
See Similar DealsSingle Family Residence9,335 SF
Sold 09/06/2021
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,285
Total Square Footage:9,335 SF
Transaction Type:Sale
The property asset involved in this transaction is a Single Family Residence (SFR) located in La Quinta. The sale took place on 06/09/2021. The property has a total square footage of 9,335 and a price per square foot (PPSF) of $1,285. The transaction involved well-known personalities, Megan Fox and Kourtney Kardashian, as seen in the image shared on Instagram.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $12,000,000
- Buyer: Kourtney Kardashian
- Seller: Richard Doan
- Broker: Glen Cassell - Madison Club Properties
Kourtney Kardashian, a prominent figure, acted as the buyer in this transaction, while Richard Doan was the seller. Glen Cassell from Madison Club Properties represented both parties as their broker. The sale price for this SFR property was $12,000,000, with a spacious square footage of 9,335 and a noteworthy price per square foot (PPSF) of $1,285.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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