Bel Air News
Bel Air Canyon Land For Sale
By Nedda Alishahi
Jul 26, 2013 - 9:13:21 PM

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The plot of land for sale in Bel Air, CA: Photo courtesy of realtor.com
BEL AIR—A piece of land in Bel Air Canyon is on the market for $125 million. Said to be the most expensive piece of real estate on the market in Los Angeles, the land is an undeveloped plot in the center of the Bel Air canyons.

 

According to sources, a representative from Redfin Real Estate, Christin Camacho, has said that no bank would ever offer a 30-year mortgage on such an expensive property.” However, if someone did purchase the property, Camacho says that the owner would probably be paying around “$514,140 a month.”

 

The representatives involved in selling this expanse of land describe it as a “258 plus acres of land in prime Bel Air” and that “this is the ultimate and limitless development opportunity in one of the country’s most prestigious communities."



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