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Hidden Hills, CA, USA

Madonna Acquires SFR In Hidden Hills From The Weeknd For $19.3M
SOLDSingle Family

Madonna Acquires SFR In Hidden Hills From The Weeknd For $19.3M

Hidden Hills, CA, USA

$19,300,000

$1,538/SF

Building Size

12,547 SF

Asset Type

Single Family

Closing

Apr 12, 2021

AI

Madonna has recently purchased a Single Family Residence (SFR) property located in Hidden Hills. The property spans an impressive 12,547 square feet and boasts a sale price of $19,300,000, resulting in a price per square foot (PPSF) of $1,538. Madonna acquired the property from The Weeknd in a real estate transaction that took place on April 12, 2021. The successful sale was facilitated by Angel Salvador of The Agency, acting as the seller's representative, and Trevor Wright of The Beverly Hills Estates, representing Madonna as the buyer.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $19,300,000
  • Square Footage: 12,547
  • Price per Square Foot: $1,538
  • Date: April 12, 2021
  • Market: Hidden Hills

Madonna's acquisition of this impressive SFR property in Hidden Hills marks a significant transaction in the real estate market. The property's spacious square footage and high-quality features are sure to create a luxurious living experience for the pop icon. The successful deal was made possible through the efforts and expertise of Angel Salvador from The Agency, who represented The Weeknd as the seller, and Trevor Wright from The Beverly Hills Estates, who worked diligently as Madonna's buyer's representative.

Players

Trevor Wright

The Beverly Hills Estates

Broker

$25M

vol

2 deals

Broker

Hidden Hills 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

0.82%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93