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La Quinta, CA, USA

Kourtney Kardashian Acquires La Quinta SFR From Richard Doan For $12M
SOLDSingle Family Residence

Kourtney Kardashian Acquires La Quinta SFR From Richard Doan For $12M

La Quinta, CA, USA

$12,000,000

$1,285/SF

Building Size

9,335 SF

Asset Type

Single Family Residence

Closing

Sep 6, 2021

AI

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.

Players

Glenn Cassell

Broker

$83.4M

vol

5 deals

Broker

Kourtney Kardashian

Buyer

$24M

vol

2 deals

Buyer

Richard Doan

Seller

$24M

vol

2 deals

Seller

La Quinta Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93