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Paul Allen

Paul Allen puts a $150-million price on storied acreage in Beverly Crest

Paul Allen puts a $150-million price on storied acreage in Beverly Crest

It’s the type of location moguls dream of: 120 acres of undeveloped land in one of L.A.’s ritziest pockets. And it’s now for sale at $150 million.

Owned by billionaire and Microsoft Corp. co-founder Paul Allen, the sprawling Beverly Crest property is one of the largest undeveloped sites remaining on the Westside.

Over-the-top dollar figures are often bandied about more as attention getters than as a bar for realistic value. But estates of this magnitude are a rarity in L.A., and a prized chip in a high-end market where affluent individuals put a premium on personal and private space.

The multi-parcel property crests a hilltop between Beverly Glen and South Beverly Park...

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