Dennis Lanier Acquires Bel Air SFR For $7.8M From Seller Janet And James Hong
1852 Bel Air Road, Los Angeles, California 90077, United States
$7,800,000
$1,198/SF
Building Size
6,510 SF
Asset Type
Single Family Residence
Closing
Apr 4, 2022
AI
The single-family residence located at 1852 Bel Air Rd. in Bel Air has recently been sold for a total of $7,800,000. The property spans across 6,510 square feet and was purchased by Dennis Lanier. The transaction was completed on 04/05/2022, with the seller being Janet Hong & James Hong. Ben Belack from The Agency represented both parties as the broker in this deal.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,800,000
- Address: 1852 Bel Air Rd.
- Market: Bel Air
- Buyer: Dennis Lanier
- Seller: Janet Hong & James Hong
- Broker: Ben Belack - The Agency
- Square Footage: 6,510
- Price per Square Foot: $1,198
It is worth noting that Ben Belack from The Agency played a pivotal role as the broker in facilitating this transaction.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93