Please note that the above $39 million price reflects the Minimum Bid for the property, which is being marketed for sale by private luxury auction. Submit bid at anytime now through March 15. Seller reserves the right to accept or reject any/all bids. Please visit prusa.com for additional terms.
Introducing Senderos Canyon, The Most Monumental Development Opportunity in Los Angeles. In honor of Bel Air’s founding 100 years ago in 1923, Paramount Realty USA Auctions and Compass are pleased to present the private auction for the most significant development opportunity in Los Angeles. Encompassing approximately 260 acres of the world’s most valuable real estate, Senderos Canyon represents an astounding 6% of the total land area of Bel Air. Never before has a property of such magnitude been available at such a compelling price: Initially at $125 million and most recently at $60 million, the Minimum Bid for our luxury auction is $39 million. Equating to approximately $150,000/acre or $3.46/sq. ft., the property is priced attractively and ready for a new steward.
Located in the verdant foothills of the Santa Monica Mountains in the ritzy residential enclave of Bel Air, this expansive and undeveloped property provides its future owner with a truly rare opportunity to shape the legacy of Bel Air. This offering of sweeping and untouched acreage, nestled in one of Los Angeles’ most prestigious areas, is being offered for sale by private auction by bid deadline of Wednesday, March 15.
Property consists of contiguous APNs: 4377002004, 4378003004, 4378011015.
Listing brokers: Melinda and Scott Tamkin (California Department of Real Estate license numbers 01336759 and 01336758 respectively) with Compass (9454 Wilshire Blvd., 4th FL, Beverly Hills, CA 90212). PRUSA LLC d/b/a Paramount Realty USA, unique ID number 10491205898, California broker of record Cindy Lee Jones, 36101 Bob Hope Drive, #5163, Rancho Mirage, CA 92270 (California Department of Real Estate license number 00979078).
If you have any questions or would like to schedule a showing, please contact me.