Updated Oct 29, 2024
George Ruan Acquires Bel Air SFR For $18M With Buyer's Rep Honey
Bel Air, Los Angeles, CA, USA
$18,000,000
$2,726/SF
Building Size
6,603 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2020
About this deal
AI
George Ruan has purchased a single-family home in Bel Air for $18,000,000. The property, which is located in the Bel Air market, was sold on June 30, 2020. This impressive SFR spans across 6,603 square feet.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $18,000,000
- Market: Bel Air
- Buyer: George Ruan - Honey
- BSF: 6,603
In this transaction, George Ruan, represented by Honey, successfully purchased the SFR in Bel Air. Honey acted as the buyer's representative in this deal.
On the Map
$18,000,000
$2,726/SF
Single Family Residence
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Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $18M for 6,603 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93