$5,749,000
For Sale

10263 Leona Avenue

Leona Valley, CA 93551
239.62 acres | #24436231
Listing OfficeMarcus & Millichap
Browse 4 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Tucked in the Sierra Pelona Mountains of unincorporated Los Angeles County is the charming town of Leona Valley. With a history dating back to the original Spanish land grants and 19th-century ranches, Leona Valley now features a close-knit community of large single-family estates, equestrian culture, and a celebrated cherry festival honoring the local farms and vineyards. The quaint town square, home to local eateries, a feed store, and a honey outlet, is conveniently located along Elizabeth Lake Road, connecting Leona Valley to nearby communities. Despite its rural serenity, Los Angeles is just an hour away. Wrigley Ranch Estates, the last significant undeveloped property in the central valley, has a rich history, having been owned by the Wrigley Family, the Ritter Family before them, and Miguel Leonis, the pioneering Basque sheep herder for whom the valley is named. This 239-acre estate is one of the most coveted in Leona Valley, offering breathtaking views and a prime location. Subdivided in 1988 and renewed by the Department of Real Estate in 2022, it features 29 panoramic parcels, ideal for developing large single-family homes. Zoned LCA-22, these parcels are well-suited for stately homes with agricultural amenities like vineyards, orchards, livestock, and equestrian facilities. So Cal Edison power and California Water Service are available, along with operational wells on parcels 2 and 13. Six parcels have already been sold, with stunning homes setting a strong precedent for the land's potential. With approved grading plans and engineering, and benefiting from a current SEA exemption for single-family development, the LA County Department of Planning suggests that building homes here should be straightforward with minimal restrictions. The project is bordered by existing roads, including Elizabeth Lake Road and Leona Avenue, which is planned to connect with Bouquet Canyon Road, further enhancing the site's centrality and accessibility. 23 APNs: 3215-021-001, 3215-021-002, 3215-021-003, 3215-021-004, 3215-021-005, 3215-021-006, 3215-021-007, 3215-021-008, 3215-021-013, 3215-021-014, 3215-021-015, 3215-021-016, 3215-021-017, 3215-022-001, 3215-022-003, 3215-022-004, 3215-022-005, 3215-022-006, 3215-022-007, 3215-022-008, 3215-022-009, 3215-022-010, 3215-022-011

  • Property Details
      • Acres239.6241
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$5,749,000
  • Other
      • MLS #24436231

Location

Lynn O'NeilReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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