SOLDSingle Family
James Roncal & Stuart Marks Sell Restored 1923 Spanish Revival Mansion For $2.5M In Los Angeles
6823 Iris Circle
$2,500,000
$991/SF
Building Size
2,521 SF
Asset Type
Single Family
Closing
Jul 15, 2026
AI
A restored 1923 Spanish Revival mansion located at 6823 Iris Circle in Los Angeles, CA, has been sold for $2.5 million. The property spans 2,521 square feet and was listed at an asking price of $2.295 million. This historic Whitley Heights estate, previously acquired for $1.05 million in 2016, has undergone extensive renovations that blend preserved architectural features with modern upgrades.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $2,500,000
- Square Footage: 2,521
- Price Per Square Foot: $992
- Seller: James Roncal & Stuart Marks
- Buyer's Representative: Gregory Shenon - Equity Union
- Seller's Representatives: Todd Bachenheimer - Modern California House; Matthew Schwartz - Plus Real Estate
The transaction featured representation from Gregory Shenon, who acted on behalf of the buyer, while Todd Bachenheimer and Matthew Schwartz represented the seller in the deal. The estate's strong buyer demand contributed to the sale exceeding its original listing price.
Players
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93