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Plot in Beverly Hills hits market with record $1B price tag

July 29, 2018

LOS ANGELES (AP) — A property touted as the finest undeveloped plot of land in all of Los Angeles is hitting the market with the most expensive listing in the history of the city: $1 billion.

The Los Angeles Times reports the parcel, branded as “The Mountain,” sits at the highest point in the 90210 ZIP code.

Listing agent Aaron Kirman calls it “the crown jewel of Beverly Hills.” Views stretch from downtown Los Angeles to Catalina Island, and the closest neighbor is half a mile away. Disneyland, at roughly 0.13 square miles (0.34 square kilometers), is a little more than half the size of the property.

The current owner of the mountaintop is Secured Capital Property, according to Ronald Richards, an attorney and spokesman for the company.

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Information from: Los Angeles Times, http://www.latimes.com/

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