Asking $1 Billion in LA!

The ultimate Beverly Hills trophy property is for sale at $1 billion, and it is all land and trees. No mansion, tennis courts, golf course or swimming pool, the 157-acre property is located on the highest piece of land in Beverly Hills with views of Catalina Island, Downtown Los Angeles and Santa Monica. Previous owners of the undeveloped land include the sister of the Shah of Iran, Merv Griffin and Herbalife founder Mark Hughes. www.cnbc.com

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