Property Highlights
Known as Greater Los Angeles’ largest and last private, undeveloped parcel, encompassing 6% of all the land in Bel Air.
How to Participate
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Download Brochure Click Here
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Review Due Diligence Click Here
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Tour PropertyBy appointment only. Proof of funds required. Please call 212.867.3333 or email [email protected] to arrange a tour on:
· Saturday, February 11
· Friday, February 24 -
Bid Now Through Bid Deadline: Wednesday, March 15 at 4pm PTYou must submit a written bid by the bid deadline. Instructions are included in the Due Diligence Information.
Buyer’s Premium 9%. Broker Participation Invited.
Subject to prior sale. Submit bid at anytime.
Potential $2 million discount if purchaser closes by March 31, 2023.
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.
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 monumental 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.
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).