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1 Senderos Canyon - Auction
258 Acres of Residential Land Offered at £31,025,280 in Los Angeles, CA 90077
Investment Highlights
- Once-In-A-Century Opportunity in Bel Air, Los Angeles
- Diverse set of residential and commercial development opportunities
- 260 acres available for approximately $150,000/acre or $3.46/sq. ft.
Executive Summary
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). Buyer's premium is 9%. Subject to prior sale.
Property Facts
| Price | £31,025,280 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Conditions | Development Sale | Total Lot Size | 258.00 AC |
| No. Lots | 1 |
| Price | £31,025,280 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 258.00 AC |
1 Lot Available
Lot 3
| Price | £31,025,280 | Lot Size | 258.00 AC |
| Price Per AC | £120,253 |
| Price | £31,025,280 |
| Price Per AC | £120,253 |
| Lot Size | 258.00 AC |
ONCE-IN-A-CENTURY OPPORTUNITY - 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.
Description
AUCTION SALE - BIDDING OPEN THROUGH MARCH 15: Senderos Canyon consists of 3 contiguous parcels totaling approximately 260 acres that can currently be accessed off Moraga Drive on the North end of the property. Currently unimproved, connections to water, sewer and electric may also be accessed off Moraga Drive to service the property. There is an intermittent blue line stream running down the middle from top to bottom of the property. The expansive property consists of canyons, rolling oak-woodlands, annual grasslands, rugged rock outcroppings and secluded valleys. The elevation across the property varies from approximately 1,230 ft on the north end down to approximately 900 ft at the south end with canyons sloping 200-300 ft above the valley of the property. The abundance of natural landscapes throughout the property provides for dramatic views of ridges, foothills and stunning views of Los Angeles and the glistening water of the Pacific Ocean beyond. Property consists of contiguous APNs: 4377002004, 4378003004, 4378011015.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £25,569,528 | Total Assessment | £25,569,528 |
PROPERTY TAXES
zoning
| Zoning Code | LARE40 |
| LARE40 |
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1 Senderos Canyon - Auction
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