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
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93