Updated Sep 9, 2024
Trae Young Acquires Calabasas Single Family Home From Casey & Clay Matthews For $20M
$20,000,000
$1,426/SF
Building Size
14,021 SF
Asset Type
Single Family
Closing
Nov 30, 2022
About this deal
AI
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
Market 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