Updated Oct 29, 2024
DeMar DeRozan Acquires Hidden Hills Single Family Property For $14.95M
Hidden Ridge Road, Hidden Hills, Los Angeles, CA, USA
$14,950,000
$1,495/SF
Building Size
10,000 SF
Asset Type
Single Family Residence
Closing
Apr 4, 2018
About this deal
AI
A single-family home located on Hidden Ridge Road in Los Angeles has been sold in a closed transaction. The property, situated in the Hidden Hills area of the San Fernando Valley, spans approximately 10,000 square feet. The sale was completed on April 5, 2018, and the transaction amount was $14,950,000.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $14,950,000
- Address: Hidden Ridge Road, Los Angeles
- City: Los Angeles
- Market: Hidden Hills, San Fernando Valley
- Square Footage: Approx. 10,000 sf
The seller of the property was Woodbridge Investments, represented by Bob Shapiro. The buyer, DeMar DeRozan, purchased the house for an all-cash payment. It is noteworthy that Woodbridge Investments recently filed for bankruptcy and is facing allegations of embezzling funds and defrauding investors. DeRozan, a prominent NBA All-Star, signed a significant five-year, $139 million contract with the Raptors in 2016.
Players
Calabasas Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $1.5K per square foot on a published $15M for 10,000 square feet (2018).
Browse Calabasas single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93