The Most Monumental Development Opportunity In Los Angeles

The Most Monumental Development Opportunity In Los Angeles

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
34
days
20
hours
4
minutes

Property 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.

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

  1. Download Brochure Click Here
  2. Review Due Diligence Click Here
  3. Tour Property
    By 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
  4. Bid Now Through Bid Deadline: Wednesday, March 15 at 4pm PT
    You 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.
 
PRESENTING SENDEROS CANYON: BEL AIR’S CENTENNIAL CELEBRATION
 
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.

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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).