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John Fogerty buys Sylvester...

John Fogerty Acquires Sylvester Stallone's Hidden Hills Ranch For $17.2M
SOLDSingle Family

John Fogerty Acquires Sylvester Stallone's Hidden Hills Ranch For $17.2M

$17,200,000

$1,644/SF

Building Size

10,460 SF

Asset Type

Single Family

Closing

Oct 10, 2023

AI

John Fogerty, of Creedence Clearwater Revival fame, has purchased Sylvester Stallone's Hidden Hills ranch for $17.2 million. The 2.2-acre property is located in the prestigious market of Hidden Hills and boasts a main house, guesthouse, horse barn, and extensive gardens. The property offers a highly private setting for its new owner.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $17,200,000
  • Market: Hidden Hills
  • Acres: 2.2

John Fogerty will now be the proud owner of this beautiful ranch, while Sylvester Stallone has successfully sold his property. The transaction took place on 10/10/2023, and the sale price of $17.2 million was below the original asking price of $22.5 million. This deal showcases the successful endeavors of both buyer and seller in the Hidden Hills market.

Players

John Fogerty

Buyer

$25.2M

vol

2 deals

Buyer

Sylvester Stallone

Seller

$70.8M

vol

3 deals

Seller

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93