Katy Perry Acquires $11M Condo In West Hollywood's Sierra Towers From Jen Kao
Building Size
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Asset Type
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Closing
May 23, 2023
About this deal
AI
Pop star Katy Perry has purchased an $11 million condo in the iconic Sierra Towers in West Hollywood. The two-bedroom, three-bathroom unit spans 3,000 square feet and was previously owned by fashion designer Jen Kao. Kao had made various upgrades to the condo, including a red movie theater and a yoga area. The unit also features automated blackout curtains and a zebra wood wet bar.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,000,000
- Market: West Hollywood
Katy Perry was represented by Brett Lawyer from Carolwood Estates, while Zach Goldsmith from The Agency represented Jen Kao in the sale.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93