|Images courtesy Dilbeck Real Estate Real Living|
Jayceon Taylor better known as the "The Game" is a west coast rapper from Compton whose foreclosed Porter Ranch home has hit the market for $726,900 (Yes, there are still foreclosures out there even though the housing market is going to the moon). He was eventually discovered by Dr.Dre (another SFV resident) who signed The Game to his Aftermath Entertainment label in 2003. "The Game" recorded his debut album, The Documentary, which went double platinum in March 2005 and has sold over 5 million copies worldwide.
On the heels of his success, "The Game" did what most people do when striking it rich and purchased 2 homes in the SFV. One of those homes was located in Glendale that was purchased in November 2005 near the peak of the market and sold in May 2014 for a massive $270K loss which was discussed on this site.
The second home in Porter Ranch was purchased on May 31, 2007 for $875,500 when the housing market was on the cusp of collapsing. Its not sure in what capacity this home was used but possibly for family, a second home to get away, and/or an investment property. As early as 2009, "The Game" received default notices but was later canceled. However, that was just the beginning of his troubles when in 2013, the HOA filed a lien for missed payments and was again served a default notice. The home was eventually foreclosed on August 15, 2014 for $701,590. I am not sure why "The Game" wasnt able to support both homes as he has become a successful rapper but maybe it is related to supporting his three children.
The home measures 3 Beds/2.75 Baths on 2,449 sqft on a total lot size of 6,243 sqft built in 2006. The listing description states:
REO Property - Don't walk, run... *** Beautiful Home in Porter Ranch Guard-Gated Community of Sorrento * 3 Bedrooms plus Open Den area upstairs that can be customized as an Office/Den/4th Bedroom by adding french doors * Granite Counters and Center Island in kitchen with breakfast nook, stainless steel appliances include: built-in refrigerator, double-ovens, dishwasher. Kitchen opens to spacious family room with fireplace. Light and bright, home opens to Private Backyard with Open Space between neighbors * Master bedroom with huge master bath and large Walk-in Closet * This is a wonderful Sorrento home located in a 24-hr guard gated community * Extra Large 2 Car (with additional storage) Garage with direct access *** Agents see comments for Offer Submission *** Property in need of minor TLC - priced & ready to sell ASAP * Sold As Is, Where Is, AC not working - Buyer should do full inspection ***Its not known where "The Game" moved onto but hopefully he still resides in the SFV.
|Images courtesy Re/Max College Park Realty|
[Update December 16, 2014]: Thanks to the commenter below, Dave, I learned that The Game had moved to the edges of Calabasas. The home was purchased on April 30, 2014 for $1.6 million, It should be noted that the property records dont entirely show that The Game owns this property as its actually owned by a company. But the article from CeleBuzz! matches this home so it could be The Game hiding behind the company. The home measures 4 Beds/5 Baths on 4,132 sqft on a total lot size of 2.19 acres built in 1978. The listing description states:
Approved Approved!!!Just fell out of escrow 7/30/13 This single story home features an open kitchen/great room with views of the Canyon and Santa Monica Mountains. The gated 2+ acre estate gives you all the privacy you need, which includes a sauna, pool, organic gardens, fruit trees and views! yet very close to Malibu and easy access to Santa Monica. The home also includes a Casita with its own kitchen! There is room for horses with access to miles of trails and it still has its own private tennis court! All you need to do is add your personal touch and move right in! Listing price approved by both banks!!!You can view more SFV Celeb R.E. here.