Updated Oct 25, 2024
Madonna Sells Hidden Hills Mansion For $23M With $3.7M Profit
Hidden Hills
$23,000,000
$1,833/SF
Building Size
12,547 SF
Asset Type
Single Family Residence
Closing
Jun 27, 2023
About this deal
AI
Madonna has sold her Los Angeles mansion in Hidden Hills for $23 million, making a profit of $3.7 million. The 12,547 square-foot property sits on 3 acres of land. The sale price of $23 million translates to a price per square foot of $1,833. The luxurious property features a saltwater pool, basketball court, home theater, and other added amenities by Madonna herself.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $23,000,000
- Market: Hidden Hills
- Acreage: 3 acres
- Square Footage: 12,547
- Price per Square Foot: $1,833
The seller of the property is Madonna. She purchased the mansion from The Weeknd for $19.3 million, before selling it for $23 million. The deal was successfully facilitated by Madonna's representative from her agency.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93