Updated Oct 28, 2024
Matthew Stafford Acquires Hidden Hills SFR From Drake For $11M
5840 Round Meadow Road, Hidden Hills, California 91302, United States
$11,000,000
$1,833/SF
Building Size
6,000 SF
Asset Type
Single Family Residence
Closing
Apr 9, 2022
About this deal
AI
Hidden Hills has seen a notable transaction recently, involving a single-family residence located at 5840 and 5854 Round Meadow Road. The property, spanning approximately 6,000 square feet, was sold in a closed deal. It was purchased by Matthew Stafford, an NFL football player, from the seller, renowned rapper Drake. The sale price for this impressive SFR was set at $11,000,000, resulting in a price per square foot of $1,833.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $11,000,000
- Address: 5840 Round Meadow Road & 5854 Round Meadow Road, Hidden Hills
- Buyer: Matthew Stafford - NFL Football player
- Seller: Drake - Rapper
- Size: 6,000 square feet
- Price per Square Foot: $1,833
It is intriguing to note the involvement of Matthew Stafford, an NFL Football player, as the buyer of this remarkable property. The seller, Drake, a well-known rapper, engaged in this closed transaction. This deal showcases the collaboration between these notable individuals in the homebuying process, offering a fascinating glimpse into their real estate endeavors.
Players
Hidden Hills Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $11M for 6,000 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93