Bel-Air vineyard up for sale

moraga.jpgIt's the Moraga Vineyards, which covers 13 acres plus a main house, two-bedroom guesthouse and 4,400 square-foot office building. Asking price is $29.5 million, reports Curbed LA (via Redfin). The property runs along the western portion of Bel-Air, within walking distance of the two-block commercial strip on Moraga - right off the San Diego Freeway (it's amazingly quiet). Because of its proximity to the Sepulveda Pass, the land gets way more rain than many areas of L.A. Owner and former Northrop CEO Thomas Jones began planting grapes in 1978 and four years later he bottled his first wine. From a 1994 New Yorker profile:

The Jones spread contains eight mini-vineyards, each contributing a distinct characteristic to the Moraga blend. One vineyard plummets at a forty-five degree angle down a canyon. A piece of another, close by the house, is about the size of an eight-car parking space. "On this place, we don't talk about acres, we talk about vines," Jones says. Moraga has released two hundred and twenty-five six-bottle cases of both the 1989 and the 1990 vintage. Each vintage sold out within a month. Last week, the vineyard released ahundred and twenty-five magnums of the 1990 vintage. At a retail price of fifty dollars a bottle, the wine appears to merit the Bel-Air appelation in more ways than one.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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