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Description
This property has been mis-marketed for years. Yes, it is a ground-breaking Mid Century modern designed by America's iconic architect William Pereria. Yes, it was owned by Frank Sinatra and was the playground for Hollywood's elite. Yes, it is zoned for Equestrian and Agriculture (think Vineyard!). Every Studio, every Production Designer, and every Location Manager knows about this fabled property. While this listing has been over-priced for the past thirteen years, under new Ownership, it finally is ready to sell, for the right fair market value. This property has been grossly under-utilized to maximize its income potential. The recent HERMES "Red" party vividly demonstrates the dynamic opportunity. Corporate retreats, curated gourmet chef events, or even Air BnB rentals can juice the yield to this crown jewel to enviable recurring revenue stream. New ownership indicates a new approach to a realistic sale. Come see for yourself. Sale can include the additional APN: 2727-021-022, also known as 9361 Farralone Avenue. 022 currently includes the larger residence, 021 includes the smaller house and approved 11 parcels. There is Tentative Tract Map approval for eleven separate parcels and can be developed as a very special guard-gated community.
Listing Agent: Craig Knizek Listing Office: The Agency Based on information from CRISNet MLS all data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Updated: 18th April, 2025 1:16 PM (UTC)
