The Most Monumental Development Opportunity In Los Angeles
Senderos Canyon - Bel Air, Los Angeles, CA
Minimum Bid $39,000,000
Previously $125,000,000
March 15
Auction Date
Highlights
Listing Agents
Melinda & Scott Tamkin - Tamkin Real Estate Group at Compass
Presenting
A Once-In-A-Century Opportunity
Overview
Approximately 260 sweeping and pristine acres in the heart of Bel Air, Los Angeles, offered at a Minimum Bid of nearly 70% below the original $125 million asking price.
Known as Greater Los Angeles’ largest and last private, undeveloped parcel, encompassing 6% of all the land in Bel Air.
Equating to approximately $150,000/acre or $3.46/sq. ft., the property is priced attractively and ready for a new steward.
Known as Greater Los Angeles’ largest and last private, undeveloped parcel, encompassing 6% of all the land in Bel Air.
Equating to approximately $150,000/acre or $3.46/sq. ft., the property is priced attractively and ready for a new steward.
Vision
A truly versatile trophy property, Senderos Canyon offers a diverse set of development opportunities. Its lush grounds offer a blank canvas for a luxury residential enclave or other concepts.
Location
Located in the ritzy residential enclave of Bel Air, Senderos Canyon is centrally located minutes from Beverly Hills and proximate to several shopping, dining and entertainment districts.
How to Participate
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Download Brochure Click Here
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Review Due DiligenceTo access the substantive due diligence information we have assembled, please email buy@prusa.com.
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Tour PropertyBy appointment only. Proof of funds required. Please call 212.867.3333 or email info@prusa.com to arrange a tour.
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Bid Now Through Bid Deadline: Wednesday, March 15 at 4pm PTYou must submit a written bid by the deadline, either on the seller’s preferred terms or on your terms. Bidding instructions are included in the Due Diligence Information.
Buyer’s Premium 9%. Broker Participation Invited.
Subject to prior sale. Submit bid at anytime.
All bids are encouraged. Seller (a) will accept the highest bid at or above the Minimum Bid (on terms set forth by Seller) and (b) has the right to accept a bid below the Minimum Bid and/or a bid on your terms.
Seller will review bids during the 10-day period after the bid deadline. Bids will be considered, in seller’s sole discretion, in the following order of priority: (a) price, (b) conformity to seller’s desired terms of sale, and (c) bidder’s demonstration of its ability to close. Seller reserves the right to accept or reject all bids.
Property listed by 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).