George Ruan Sells Bel-Air Estate For $112 Million With Christie's International Real Estate Brokers

The property involved in the transaction is a single-family estate located at 10721 Stradella Court in Los Angeles, situated on 1.15 acres. This off-market sale, concluded for $112 million, features a sprawling 21,000 square feet of living space, translating to a price per square foot of $5,333.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $112,000,000
• Address: 10721 Stradella Court
• Market: Los Angeles
• Square Footage: 21,000
• Price Per Square Foot: $5,333
• Seller: George Ruan - Honey
• Brokers: Aaron Kirman, Bryce Lowe & Kirby Gillon - Christie's International Real Estate

The deal was orchestrated by brokers Aaron Kirman, Bryce Lowe, and Kirby Gillon, who managed the sale amidst a sluggish luxury market in Los Angeles, affected by Measure ULA's "mansion tax." The seller, George Ruan, is a co-founder of Honey, which adds a notable aspect to the profile of the transaction.