Kavanaugh bought the home through a trust six years ago for $7 million. The beachfront property, built in 1955, includes four bedrooms, four bathrooms, a deck and a patio with ocean views. The home is 3,087 sq. feet.
On Wednesday, Relativity laid off 75 employees in the face of looming Chapter 11 bankruptcy. The divisions hit hardest were said to be Relativity’s ancillary fashion, education and digital units.
Kavanaugh, producer of such film and TV shows such as Bradley Cooper’s “Limitless” and MTV’s “Catfish,” has been desperately trying to find new investors or loans to fill a $320 million debt obligation.
According to the L.A. Times, his Malibu estate was up for lease at the end of May at a rate of $65,000 for one month.
The same trust Kavanaugh used to buy the estate controls a second Malibu property in Point Dume, which is 5,865 sq. feet on an acre of land. It was previously owned by Howie Mandel. The trust also bought a Pacific Palisades estate from Dennis Quaid in 2011 for $9.5 million, but sold it less than a year later for $11.2 million.
According to real estate documents, the Relativity CEO also owns a home in Westlake Village, which he and his wife Jessica Roffey bought in 2010 for $1 million, as well as several condo units in Maui and New York City.
In total, Kavanaugh’s real estate portfolio is believed to be valued in the $25 million range.
Relativity Media, based in Beverly Hills, is expected to file for bankruptcy on Thursday.