BiggerPockets

Description:

#002-CA

442 acres of undeveloped residential land only 15 miles north of Malibu, 20 miles northwest of Beverly Hills and 25 miles northwest of downtown Los Angeles. It is probably the largest, privately owned parcel of vacant land left this close to downtown Los Angeles. The property has spectacular 20+ mile views and the land to the north and west is state owned parkland, so no more development can be done around it. A perfect location to build a one of kind, top of the world estate, which would probably be the largest private estate in Los Angeles, offering total privacy and security while still being conveniently located to everything that Los Angeles has to offer. The A-2 zoning for the land permits vineyards, crops, orchards, horses (equestrian center), cattle, even a golf course, houses, condos, etc… you name it. The land could also be subdivided into a 65+ lot custom home development on lots of at least two acres each. This land has been family owned for three generations and has never been built on and had never subdivision plans filed. It has no mortgage on it and the owner would consider holding financing for a well qualified buyer or developer. Asking price is $18 Million. Owner is willing to carry financing with at least $8 Million cash at closing. We had two offers from developers in the $25 Million range, but owner/seller does not want to enter a development contract for the next 3 or 4 years. He needs cash, at least 50% of the asking price. Therefore he lowered the price from $36 Million to $18 Million to attract a buyer with enough cash to make an offer. I am not a real estate agent, I am acting as a broker in this transaction. Please, call me direct if you need more details: Conny (727) 394-4986 connywolfram@yahoo.com PS. Additional photos, maps and diagrams are available per request.