Cursed History of L.A's Priciest Piece of Property

LOS ANGELES — A giant vacant lot that sits atop Beverly Hills, known as both “The Mountain” and “The Vineyard,” finally sold this week after sitting on the market for a year — not for the billion dollars at which it was initially priced but for $100,000, in foreclosure, to a lone bidder.

It's an oddity in the Los Angeles real estate scene. Despite the fact that this city is in a housing crisis, with homelessness at record highs and home prices (and rent) far outpacing what the average Angeleno can afford, there are still plenty of billionaires around the world to whom this 157-acre plot could have appealed.

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