Last year Kanye West took a $36 million loss in a real estate deal, after gutting an architecturally important Malibu beach house and never following through with the renovation [click here if you missed that].
Now Ye is getting rid of more property from his dilapidated real estate portfolio...
From The Sun
KANYE West seems eager to make a quick buck as he's offloading two more of his properties in Los Angeles after his career took a nose-dive due to his wild behavior.
The U.S. Sun can confirm Kanye, 48, is selling both his burned-down church building in the San Fernando Valley and his derelict ranch in Calabasas.
It seems Kanye, known as Ye, may be desperate for cash, as sources say his spending is out of control, and his Yeezy business has ground to a halt.
Despite claims he's a billionaire, insiders alleged this is far from the truth, and he has pending lawsuits and tax debt piling up, as previously reported by The U.S. Sun.
Last month, he put his upscale Calabasas condo on the market for $2.95 million as he faces over $60,000 in unpaid property taxes tied to the home.
He was given the property in his divorce from Kim Kardashian, which was finalized in November 2022.
Now, listings show he is trying to offload two more of his Los Angeles properties.
The rapper's rundown church building in Northridge, north of the city, went up in flames in October 2024 after it was left to rot, and officials suspected arson.
Neighbors previously warned of squatters at the building and were worried about Kanye not looking after it.
The fire burned the residence to the ground, and all that remains is torched grass after the site was cleared and cordoned off with tape.
Kanye has now put the land up for sale for $1.5 million, the same price it was bought for in 2023.
It is described online as a "rare opportunity to purchase a 29,364 square foot flat lot" in a prime area of the valley.
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