112 acres in Brentwood: Largest property in a long time goes on L.A. market for $70 million

In L.A.’s jam-packed actual property market, an acre is enormous. Five acres is a dream. But 100-plus acres is historic.

The Robert Taylor Ranch, a huge equestrian property sprawled in the hills of Brentwood, is hitting the market for $70 million.

At 112 acres, it’s the largest residential property to hit the market in the metropolis of L.A. since at least the Nineteen Eighties, when the Multiple Listing Service began monitoring home gross sales. For reference, the property single-handedly makes up more than 1% of Brentwood, which spans just over 15 sq. miles.

There are a handful of bigger residential properties around L.A. — including the Mountain, a prized 157-acre undeveloped parcel in Beverly Crest that once listed for $1 billion — but none with properties on them that have formally hit the market.

The ranch has roughly 20,000 sq. ft of residing house unfold across 4 buildings. There’s a 12,000-square-foot predominant home with seven bedrooms, a canine spa, artwork studio and therapeutic massage room, as effectively as a guesthouse, barn and workshop.

“It’s a once-in-a-lifetime estate,” said Rochelle Maize of Nourmand & Associates, who’s dealing with the itemizing.

Designed in 1950 by architect Robert Byrd, the ranch was constructed for oil baron Waite Phillips and later owned by actors Robert Taylor and Barbara Stanwyck, who hosted events at the residence. In its Old Hollywood heyday, it once featured a secret on line casino accessed by hidden doorways; the on line casino has since been eliminated, but the hidden door and hallway, discovered through a rotating bookcase, stay.

In the ’70s, the property was purchased and reworked by Ken Roberts, the live performance promoter who turned KROQ-FM into a rock radio big. Roberts tried promoting the ranch a handful of occasions over the next few a long time, asking $45 million for it in 1990, but it was ultimately seized by a hedge fund in 2010 after Roberts was unable to repay a $27.5-million mortgage from New Stream Capital.

The property was auctioned off two years later to Chicago actual property developer Fred Latsko for $12 million and most just lately traded palms for $18.7 million in 2015.

Titanic estates have dotted L.A. over the last century, but most have been whittled down by builders subdividing the heaps and promoting them as separate properties. With so many house owners over the years, Maize said it’s a shock that it hasn’t been chopped into items.

“When it last listed, there were two other offers from people that wanted to subdivide the land,” Maize said. “But my client wanted to keep it together and update the property while maintaining the original feel, and it’s one of the reasons why their offer won.”

During the most current possession, a four-year transform introduced new finishes including bronze home windows, reclaimed timbers, limestone flooring and hand-laid stucco both inside and out.

The property options 14 flat, buildable acres, while the relaxation of the hillside property is navigated by climbing trails. It contains eight Assessor’s Parcel Numbers, which means a purchaser could divide it into eight totally different properties. It would deliver an finish to the ranch’s spectacular acreage, but supply lots of incentive for a developer wanting to add housing.

“The potential will be attractive to some,” Maize said. “But either way, the buyer will be someone that values privacy. The setting here is second to none.”