Updated Dec 21, 2023
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
About this deal
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
La Quinta Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $12M for 9,335 square feet (2021).
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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