Updated Sep 9, 2024
Trae Young Acquires Calabasas Single Family Property From Casey & Clay Matthews For $20M
25314 Prado De La Felicidad
$20,000,000
$1,426/SF
Building Size
14,021 SF
Asset Type
Single Family
Closing
Nov 30, 2022
About this deal
AI
The single-family property located at 25314 Prado De La Felicidad in Calabasas, CA has been sold in a recent transaction. Spanning across 1.63 acres, the property offers a spacious and desirable living space.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $20,000,000
- Address: 25314 Prado De La Felicidad
- Market: Calabasas, CA
- Buyer: Trae Young
- Seller: Casey & Clay Matthews
- Buyer's Representative: Kathryn Newton - Berkshire Hathaway HomeServices California
- Seller's Representative: Branden Williams - The Beverly Hills Estates; Nima Fathi - HBC Realty
- Square Footage: 14,021
- Price per Square Foot: $1,426
Trae Young has acquired this property from Casey & Clay Matthews. Kathryn Newton from Berkshire Hathaway HomeServices California represented the buyer, while Branden Williams from The Beverly Hills Estates and Nima Fathi from HBC Realty represented the sellers in this transaction.
Players
Calabasas Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $20M for 14,021 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93