facebook
Traded Co logo
Submit

Trae Young Acquires Calabasas Single Family Home From Casey & Clay Matthews For $20M

Property Image
SOLD
$20,000,000
Kathryn Newton
Branden Williams
Nima Fathi
+ 1

California

See Similar Deals
Single Family14,021 SF
Sold 11/30/2022
the dealplayerscompscontact
Property Image
SOLD

Trae Young Acquires Calabasas Single Family Home From Casey & Clay Matthews For $20M

Single Family14,021 SF
Sold 11/30/2022
Kathryn Newton
Branden Williams
Nima Fathi
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$1,426
Total Square Footage:14,021 SF
Transaction Type:Sale

A single-family property located in Calabasas, CA has been sold in a recent transaction. Situated on a spacious 1.63-acre lot, this property boasts a total area of 14,021 square feet. The sale took place on November 30, 2022, with a sale price of $20,000,000. This equates to a price per square foot of $1,426.

Summary of transaction details:

  • Property Type: Single Family
  • Sale Price: $20,000,000
  • Total Area: 14,021 square feet
  • Price per Square Foot: $1,426
  • Market: Calabasas, CA

The buyer of this property is Trae Young, while the sellers are Casey & Clay Matthews. Representing the buyer in this transaction is Kathryn Newton from Berkshire Hathaway HomeServices California. On the other hand, the sellers are represented by Branden Williams from The Beverly Hills Estates and Nima Fathi from HBC Realty.

Players

Branden Williams
The Beverly Hills Estates
Branden Williams
48 deals$1.2B volume
BROKER
Nima Fathi
HBC Realty
Nima Fathi
2 deals$40M volume(818) 825-8424
BROKER
Kathryn Newton
Berkshire Hathaway HomeServices
Kathryn Newton
2 deals$40M volume(310) 691-9472
BROKER
TY
Trae Young
2 deals$40M volume
BROKER

Details

SOLD
IMAGE: Clay Matthews DATE: 11/30/2022 MARKET: Calabasas, CA ASSET TYPE: Single Family ~ ACRES: 1.63 BUYER: Trae Young (@traeyoung) SELLER: Casey & Clay Matthews (@claymatthews52) BUYER’S REP: Kathryn Newton - Berkshire Hathaway HomeServices California (@bhhsnenyhvp) SELLER’S REP: Branden Williams - The Beverly Hills Estates (@thebeverlyhillsestates) ; Nima Fathi (@hbc_realty) - HBC Realty SALE PRICE: $20,000,000 SF: 14,021 ~ PPSF: $1,426

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,066,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44