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Feliz means "happy". Bella means "beautiful". I'm guessing that Bela is a variation of Bella, so the name combined would mean "beautiful and happy".

It looks like a made up name. A combination of Isabella or Anabella + the word "felíz" which is Spanish for "Happy". The sufix "bella" means "pretty" in Italian and Spanish, but the word "bela" does not exist in Spanish or Italian. So basically, Felizbela doesn't have a specific meaning.
Click on Isabella and Anabella, to find the menaing of these names.

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As for how it id pronounced, I would guess feh-LISS-bella