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Bonnie Yi Hyde & Beatriz Martinez Facilitate Sale Of Single Family Home In Los Angeles

Property Image
SOLD
$2,100,000

California

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Single Family2,800 SF
Sold 06/24/2024
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Property Image
SOLD

Bonnie Yi Hyde & Beatriz Martinez Facilitate Sale Of Single Family Home In Los Angeles

6801 Iris Circle

See Similar Deals
Single Family2,800 SF
Sold 06/24/2024
Contact now

Summary

CALIFORNIA
Asset Type:Single Family
Price Per Square Foot:$750
Total Square Footage:2,800 SF
Transaction Type:Sale

The property at 6801 Iris Circle in Los Angeles was recently sold in a closed transaction. This single-family home spans 2,800 square feet and was sold for $2,100,000, with a price per square foot of $750. The seller, Dre London, parted ways with the property to the buyer, Raymond Yang, indicating a notable deal in the Los Angeles real estate market.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,100,000
  • Address: 6801 Iris Circle
  • Market: Los Angeles
  • Buyer: Raymond Yang
  • Seller: Dre London
  • Buyer's Rep: Bonnie Yi Hyde - Compass
  • Seller's Rep: Beatriz Martinez - Rodeo Realty
  • Asking Price: $2,795,000
  • SF: 2,800
  • PPSF: $750

Noteworthy individuals involved in this transaction include Bonnie Yi Hyde from Compass, who represented the buyer, and Beatriz Martinez from Rodeo Realty, who represented the seller. Post Malone's Business Manager previously owned this iconic Hollywood Hills Mansion, which now belongs to the Chinese Celebrity Manager and CEO of a designer furniture wholesaler. The sale was facilitated by LA's Top Luxury Agent Bonnie Hyde and Beatriz Martinez, highlighting a significant exchange in the real estate market.

Players

Bonnie Yi Hyde
2 deals$4M volume(310) 905-0128
BROKER

Beatriz Martinez
Rodeo Realty
1 deal$2.1M volume(310) 770-9165
BROKER

Details

SOLD
IMAGE: Bonnie Yi Hyde & Beatriz Martinez DATE: 06/24/2024 ADDRESS: 6801 Iris Circle MARKET: Los Angeles ASSET TYPE: Single Family BUYER: Raymond Yang SELLER: Dre London (@DreLondon) BUYER'S REP: Bonnie Yi Hyde (@Bonnie.Realestate) - Compass (@Compass) SELLER'S REP: Beatriz Martinez (@Losangelesestatesliving) - Rodeo Realty (@Rodeo.Realty) ASKING PRICE: $2,795,000 SALE PRICE: $2,100,000 SF: 2,800 ~ PPSF: $750 NOTE FROM BUYER'S REP: Post Malone's Business Manager Sold his iconic Hollywood Hills Mansion to Chinese Celebrity Manager and CEO of designer furniture wholesaler. Brokered by LA's Top Luxury Agent Bonnie Hyde and Beatriz Martinez

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86