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The Real Deal Los Angeles

Kylie Jenner buys La Quinta lot and development plans for $3.3M

Seller was a trust tied to developer Gala Asher
March 01, 2019 12:00PM

Kylie with La Quinta’s Madison Club (Credit: Getty Images and Zillow)

An open lot in La Quinta’s Madison Club community is the latest star of the Jenner family real estate adventures.

A trust linked to Kylie Jenner paid $3.25 for the undeveloped parcel on Ross Avenue, the Los Angeles Times reported. The land, which is just under one acre, is located about a half-mile from an 11,000 square-foot home that was purchased by a trust tied to her mother, Kris Jenner.

Plans for a 15,000-square-foot home were also included in the deal. The original asking price for the lot was $3.75 million, according to Zillow.

The seller was a trust tied to Gala Asher, a Los Angeles-based developer. Asher sold a Holmby Hills showplace to billionaire Tom Gores three years ago for a then-record $100 million. Coldwell Banker real estate agent Ginger Glass, who is Asher’s wife, had the listing.

Although Jenner and her family are better known for starring on reality television shows and launching fashion companies, the La Quinta sale extends the list of Kardashian-Jenner real estate ventures.

Last year, Kylie bought a home in the Beverly Hills Post Office area with hip-hop artist Travis Scott for $13.5 million. She has also built a hefty real estate portfolio with profitable home flips. In the past couple years, she sold a home for $6.7 million, sold another in Calabasas for $3.2 million, and purchased a 13,200-square-foot spec mansion in Hidden Hills for $12.4 million. [LAT] — Gregory Cornfield