See the Most Expensive Empty Lot in Los Angeles History: $1 Billion Atop Beverly Hills
An undeveloped 135-acre plot of land atop Beverly Hills is priced at $1 billion.
For an eye-popping $1 billion, you can have what is arguably the best view in Los Angeles — from Malibu to the San Gabriel Mountains, to the city's skyscrapers down to the Pacific Ocean.
The 157-acre undeveloped plot of land sits atop Beverly Hills and is the most expensive piece of property in county history.
Now called Mountain Beverly Hills, the parcel sits within the 90210 zip code and is so large it could contain two Disneylands.
The mountaintop was once owned by talk show host and TV producer Merv Griffin, who planned to put a marble mansion on it, but never did. He told the Los Angeles Times in 1987 he planned to put a helipad on the property.
He ended up selling the land for more than $8 million to Herbalife founder Mark Hughes in 1997. But Hughes died three years later before he could develop the property.
The land is currently owned by Secured Capital Property, according to the Times.
Listing agent Aaron Kirman called it "the crown jewel of Beverly Hills" and told the paper he plans to jet around the world looking for a buyer.
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