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.
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