Bel Air Canyon plot, once listed for $125M, has been price chopped to $95M

Los Angeles /
May.May 13, 2016 03:11 PM

A plot of undeveloped land in the canyons of Bel-Air, which once had a $125 million price-tag— making it the priciest piece of land available in all of L.A. County— has had its price slashed to $95 million, The Real Deal has learned.

The price cut represents a 24 percent discount to the original ask. Aaron Kirman of the John Aaroe Group has the listing. He was not immediately available for comment.

The 258-acre plot, just north of the Getty Center, reportedly represents a whopping 6 percent of the whole neighborhood of Bel Air and could be redeveloped as a single-family compound or even as a small community of homes, subject to approvals.

The property, which stretches between Linda Flora Drive and Sepulveda Boulevard, is the third most expensive listing currently available for sale in L.A., after a $150 million mansion on Carolwood Drive in Hollywood and a $95.4 million land listing in Beverly Hills.

The identity of the landowner was not immediately clear.


Related Articles

arrow_forward_ios
John Aaroe returns from “retirement” for second time
John Aaroe returns from “retirement” for second time
John Aaroe returns from “retirement” for second time
Another Mercer Vine agent quits the team
Another Mercer Vine agent quits the team
Another Mercer Vine agent quits the team
Partners Trust founder Nick Segal named Pacific Union LA president amid rebranding
Partners Trust founder Nick Segal named Pacific Union LA president amid rebranding
Partners Trust founder Nick Segal named Pacific Union LA president amid rebranding
Pacific Union ups stake in Gibson International
Pacific Union ups stake in Gibson International
Pacific Union ups stake in Gibson International
Taylor-Ann Hasselhoff, daughter of “The Hoff,” joins John Aaroe Group
Taylor-Ann Hasselhoff, daughter of “The Hoff,” joins John Aaroe Group
Taylor-Ann Hasselhoff, daughter of “The Hoff,” joins John Aaroe Group
Husband-and-wife builders to list spec home in Pacific Palisades for $20M
Husband-and-wife builders to list spec home in Pacific Palisades for $20M
Husband-and-wife builders to list spec home in Pacific Palisades for $20M
Television couple Mary Hart and Burt Sugarman chop price of Downtown condo
Television couple Mary Hart and Burt Sugarman chop price of Downtown condo
Television couple Mary Hart and Burt Sugarman chop price of Downtown condo
The final days of John Aaroe Group: A shuttered office, and a sudden retirement
The final days of John Aaroe Group: A shuttered office, and a sudden retirement
The final days of John Aaroe Group: A shuttered office, and a sudden retirement
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...