Beverly Hills, the one billion dollar property put up for sale. The property provides a picturesque view over Los Angeles.
With a breath-catching view, the high point of 90210 spreads to around 157 acres of undeveloped land.
Providing a 360-degree view over the entire land surrounding it, one can get a stupendous view of its surrounding areas. The Malibu, to the San Gabriel Mountains and to the Pacific Ocean is awe-inspiring picturesque scenery. Its neighbors are Sylvester Stallone, Warren Beatty and Seth MacFarlane.
The Beverly Hills were previously known as the Vineyard Beverly Hills. Located in the zip code 90210, it is said to be the highest point in the zip code.
It is a special property, says Christine Hong, a property specialist of Global Luxury. The property is currently quoted at $2500 for every square foot. The total building area is said to have 1.5 million sq.ft. area. It can be said that with this quotation, it would cost about $4 billion to build a structure on this beautiful land.
The land has many celebrities and famous personalities as its previous owners. Some of them are Tom Cruise, Mark Hughes, Merv Griffin, Brad Pitt and Princess Shams. Shams Pahlavi is the elder sister of Mohammad Reza Pahlavi, the last Shah of Iran. When the political scenario took a turn for the worst for her brother, she let go of all her plans to build the plateau.
The land then exchanged hands to Griffin. Griffin took steps to make the massive site a level ground but later sold the land to Mark Hughes, a billionaire, and Herbalife founder.
As the land has complicated issues regarding ownership of land, many potential buyers like Tom Cruise and Brad Pitt have kept away from purchasing the land. But now it has sparked interest from many interested buyers, with efforts from Aaron Kirman Partners and Secured Capital Partners LLC.
Beth Letang is a reporter for Cleveland Post Gazette. After graduating from college, Beth got an internship at NPR and worked as a reporter and producer. Beth has also worked as a reporter for ESPN. Beth covers entertainment and community events for Cleveland Post Gazette.
