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2031 Roscomare Road, Bel Ai...

Warren Ramesh Acquires $8.2M SFR In Bel Air With Buyer's Rep Scott Miller
SOLDSingle Family Residence

Warren Ramesh Acquires $8.2M SFR In Bel Air With Buyer's Rep Scott Miller

2031 Roscomare Road, Bel Air, Los Angeles, CA, USA

$8,200,000

$1,009/SF

Building Size

8,125 SF

Asset Type

Single Family Residence

Closing

Sep 8, 2021

AI

A single-family residence located at 2031 Roscomare Road in Bel Air has been sold for $8,200,000. The property spans 8,125 square feet, resulting in a price per square foot of $1,009. The transaction took place on 09/08/2021.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $8,200,000
  • Address: 2031 Roscomare Road, Bel Air
  • Market: Bel Air

Warren Ramesh is the buyer of this property. Representing the buyer's interests is Scott Miller from Coldwell Banker. The seller's representation consists of Jourdan Lee Khoo from Compass and Jesse Zamora from GloblRed.

It is worth mentioning that this transaction is a success story showcasing the importance of collaboration and teamwork between listing and selling agents. In this case, the buyer desired a lease agreement to be put in place immediately after closing, which had to be accomplished within a tight timeframe of 21 days. The listing agents helped identify several agents with clients offering premium monthly lease options. Additionally, they provided trusted property managers to assist both the buyer and the selling agent. Through tireless teamwork, the listing and selling agents ensured all deal points were met, resulting in a successful closing and the immediate execution of a lease agreement with the buyer at the close of escrow. This deal exemplifies the utmost professionalism, respect, communication, and problem-solving skills that should be present in all real estate transactions. Congratulations to all parties involved!

Players

Scott Miller

Broker

$9.7M

vol

2 deals

Broker
Compass
CompassBrokerage

Los Angeles Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93