The historic Studio City home, famously used as the exterior shots for Kris Jenner’s mansion on “Keeping Up With the Kardashians”, is back on the market and this time the owner is looking to make a substantial profit from the sale. The property is listed at a staggering $8,888,888, experiencing about 5 years worth of appreciation from its last sale in 2018 for $5.25 million. If it sells for the asking price, the current owner stands to make a profit of more than $3 million, minus any investments they made in the property.
The exterior of this swanky pad has become familiar to many, having been featured on the hit E! show for years. However, it is important to note that this was not Kris Jenner’s actual house, but rather a stand-in for security reasons.
The property boasts 7 bedrooms, 9 baths, and all the luxuries one would expect in a typical L.A.-area home. However, the big question remains – is it worth almost $9 million to snap up? The answer lies with potential buyers, and with the current state of the housing market being rough, interest rates high, and movement slower than during the pandemic, it will be interesting to see what the final price will be.
This is not the first time the property has been put on the market, with fluctuations in asking and selling prices over the past 9 years. In 2018, the property sold for just over $5 million, despite initially being listed for nearly $8 million, causing the owner to slash the asking price significantly.
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For those interested in purchasing this iconic property, Sarah Greenberg of Realty One Group West holds the listing. It remains to be seen if the historic significance of this house, combined with the luxurious specifications, will help the owners hook a buyer at the current listing price.
With the market currently being as challenging as it is, only time will tell if the property will sell at the asking price or if further adjustments will need to be made. Regardless of the final sale price, this house has certainly left its mark on pop culture, and will continue to do so for years to come.
