No Hollywood ending Los Angeles property listed for $1bn sells at $100,000
almost 5 years in The guardian
The 157-acre lot in the Hollywood Hills has been the subject of complex litigation over who actually owns the property
A billion dollars for an empty tract of land always sounded like a Hollywood fairytale. This week reality came crashing down on the investors, real estate agents and feuding litigants who – all too briefly – became embroiled in the greatest property story on earth.
The land in question is a 157-acre parcel perched high in the Hollywood Hills that overlooks the mansion-studded hills of Bel-Air and Los Angeles. Down the years, it has interested an eclectic mix of would-be buyers including the sister of the Shah of Iran, Merv Griffin, Brad Pitt and Tom Cruise. Continue reading...
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