George Ruan Acquires Bel Air SFR For $18M With Buyer's Rep Honey
SOLD
$18,000,000
California
See Similar DealsSingle Family Residence6,603 SF
Sold 06/30/2020
SOLD
George Ruan Acquires Bel Air SFR For $18M With Buyer's Rep Honey
Bel Air, Los Angeles, CA, USA
See Similar DealsSingle Family Residence6,603 SF
Sold 06/30/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$2,726
Total Square Footage:6,603 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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