According to The Los Angeles Times' Lauren Beale, Rodriguez purchased the house on Aug. 30 for $4.8 million:
"A-list actress Meryl Streep has sold a home in Hollywood Hills West to New York Yankees third baseman Alex Rodriguez for $4.8 million.
"Known as the Honnold & Rex Research House, the 1954 residence was redesigned and reconfigured by earlier owner and architectural conservator Xorin Balbes. Walls of glass open to a courtyard with a pool and a spa. The two-story living room has a floor-to-ceiling stone wall and fireplace.
"The 3,700 square feet of livig space includes dining and family rooms, four bedrooms and and four bathrooms.
"The Oscar-winning actress bought the house early last year for $4.5 million. The home was built under the 1950s and '60s Case Study program, which prodded architects to experiment with new materials and design methods.
"Streep, 65, won Academy Awards for her work in 'The Iron Lady' (2011), 'Sophie's Choice' (1982) and 'Kramer vs. Kramer' (1979). The versatile and busy actress is in three movies this year: 'The Homesman,' 'The Giver' and 'Into the Woods.'
"Rodriguez, 39, played for the Seattle Mariners and the Texas Rangers before joining the Yankees a decade ago. A suspension related to the Biogenesis performance-enhancing drug scandal has kept A-Rod from professional play this year.
"He has been seen this summer training at UCLA.
"Ian L. Brooks of Berkshire Hathaway HomeServices California Properties was the listing agent. Andrew Clark and Barry Peele of Sotheby's International Realty represented Rodriguez."
The New York Post's Stephanie Smith breaks down the components of Rodriguez's new mansion:
"Alex Rodriguez has finally found a home in Los Angeles -- and its former owner is Meryl Streep.
"Sources tell us the Yankee slugger has bought a modern midcentury mansion in the Hollywood Hills from the Oscar-winning actress and closed the deal on Thursday.
"The airy home comes with four bedrooms, four bathrooms, a pool, marble floors, a smartphone-controlled controlled security system and extensive skylights for what the listing called 'an optimal display of fine art.'
"Streep bought the home for $4.5 million, then listed it for $7 million.
"But we're told that Rodriguez paid less than the asking price and that negotiations went smoothly -- 'She's a fan of his and of the Yankees, and they got along great.'
"Rodriguez has been spotted working out at the UCLA campus this summer as he hits out the 2014 baseball season after an MLB investigation found he had taken performance-enhancing drugs.
"A-Rod also owns homes in New York and Miami. Reps for the slugger, who has been looking for an LA home for a while, and Streep didn't get back to us."
On Aug. 16, Smith's colleague at The New York Post, George A. King III, explains how A-Rod has been preparing for the 2015 MLB season:
"The suspended slugger has been spotted working out at the University of Miami, where the baseball stadium is named after him, and at UCLA in Los Angeles.
"Rodriguez is hitting off a tee but not against live pitching. Rodriguez also is taking ground balls and working in the weight room at each facility.
"If Rodriguez's surgically-repaired hips allow it, he plans to play next year after missing this season because of an MLB suspension for his involvement in the Biogenesis mess...
"...Rodriguez, who has three years and $61 million left on his contract, has kept a very low profile since being suspended and has had limited contact with Yankees staff members.
"With 654 homers, Rodriguez is fifth on the all-time list and trails Willie Mays by six homers. If Rodriguez gets to 660, he receives a $6 million bonus."