Here's What $1-Billion Gets you in L.A. These Days

posted by Kenny Young - 

via UPI        There's getting away from it all, and then there's owning a once-in-a-lifetime parcel of land for the price of a small Country. High above downtown Los Angeles lies what locals call
"The Mountain", 157-acres of undeveloped land once owned by the Shah of Iran's Sister. 

The lot is nearly twice the size of Disneyland and has a private road that winds up at the city's largest and tallest peak with breathtaking views in every direction. What will this historic piece of real estate set you back? It is currently listed at $1-Billion but there are already multiple investors that have shown interest. Safe to say that PNS agreement could be signed for above asking. 

By comparison, the next most expensive property in L.A. is a 100,000 sq. foot, 20BR home in Bel Air. You can get that for 1/2 price:  $500 million.

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