Kanye West was once a billionaire – now it appear the rapper is facing a pretty serious cash crunch. Media take Out learn that the controversial rapper is selling his beachfront Malibu property for $4 million less than he paid in 2021.
And he may have to cut the price even further. That’s because even though the price tag is “just” $53 million, the home is still missing doors, windows, plumbing, and electric.
The house – designed by the renowned Japanese architect Tadao Ando, – had its price slashed largely because West began a “gut renovation” that he appears to have never came close to finishing.
Photos show the 4,000-square-foot manse appears to be a shell of its previous self.
Realtor Jason Oppenheim, of the Oppenheim Group, told The Wall Street Journal it will need “several million dollars” to be completed with HVAC, interior finishes, doors, windows, and utilities.
Oppenheim is spinning the house’s condition as a “blank canvas” for a prospective buyer, noting that the exterior remains unchanged. “Much of the architectural integrity and the architectural value of the house exists,” he told the Journal.
Here are some recent pics:
HOW YOU GONNA PAY $53M AND HAVE NEIGHBORS THIS CLOSE
HE’S LUCKY IF HE GETS HALF HIS MONEY BACK
THIS IS WHAT IT USED TO LOOK LIKE
[social_warfare]