It's touted as L.A.’s finest undeveloped piece of land. It recently sold for a mere $100,000.
On a summit above Beverly Hills, a sweeping 157-acre property touted as the city’s finest undeveloped parcel is hitting the market with L.A.’s first-ever 10-figure asking price: $1 billion.
Of the roughly 20 people present, half were regular auction attendees dressing in casual clothes and toting lawn chairs and umbrellas. They were there for the usual slate of sales consisting of relatively cheap foreclosed homes around the area. At Pomona's Civic Center Plaza, the 157-property Beverly Hills property known as the Mountain sold for $100,000 in a foreclosure auction.
No one protested, and a property once asking $1 billion unceremoniously sold for 1/10,000th of that price. That’s 0.01%.The storied parcel went back to the Hughes family for the first time in 15 years. Hugs were exchanged. The woman in the pinstripe suit, who bore a striking resemblance to Hughes’ widow, Suzan Hughes, appeared to cry tears of joy.As one story closes, another may open, however.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
America’s Priciest Listing Sells at Foreclosure AuctionOnce asking $1 billion, The Mountain in Beverly Hills sold to its lender for $100,000–far less than the $200 million said to be outstanding on the property.
Baca lebih lajut »
DJ Steve Aoki once maxed out 10 credit cards and was nearly $100,000 in debt'I was spending way more money then we were making,' says Steve Aoki, who wound up nearly $100,000 in debt after starting his record label.
Baca lebih lajut »
Apple CEO Tim Cook warned Trump that China tariffs would boost its main rival Samsung, in a major reversalApple CEO Tim Cook was once much more optimistic that tariffs wouldn't happen.
Baca lebih lajut »
A $100,000 bribe got teen a UCLA soccer scholarship without even playingUCLA admitted him as an athletic recruit and even awarded him a scholarship. The teen, however, didn’t play soccer — and his admission was bought with a $100,000 bribe William “Rick” Singer paid to the head coach, according to court documents and sources.
Baca lebih lajut »
How much money you need to retire at 45 and live on investment income alone until 90To retire early at 45 and live on investment income of $100,000 a year, you need to have $4.3 million invested on the day you leave work.
Baca lebih lajut »