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Franklin Canyon Park

1981 establishments in CaliforniaBeverly Crest, Los AngelesNature centers in CaliforniaParks in Beverly Hills, CaliforniaProtected areas established in 1981
Regional parks in CaliforniaSanta Monica Mountains
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Franklin Canyon Park is a public municipal park located near Benedict Canyon, at the eastern end of the Santa Monica Mountains, in Los Angeles, California. The park comprises 605 acres (245 ha), and is located at the purported geographical center of the city of Los Angeles. Franklin Canyon is also the name of the canyon and surrounding neighborhood. The park features a 3-acre (1.2 ha) lake, a duck pond and over five miles (8 km) of hiking trails. The lake and pond are visited by birds in the Pacific Flyway. The park is managed by the Mountains Recreation and Conservation Authority (MRCA), a partnership between the state-based Santa Monica Mountains Conservancy and the county-based Conejo Recreation and Park District and Rancho Simi Recreation and Park District, responsible for the parks those four organizations own or operate in the Los Angeles and Ventura counties.The park has been used as a filming location for numerous television and film productions, including the hitchhiking scene in the 1934 film It Happened One Night and for the opening credits of The Andy Griffith Show.

Excerpt from the Wikipedia article Franklin Canyon Park (License: CC BY-SA 3.0, Authors, Images).

Franklin Canyon Park
Lake Drive, Los Angeles Beverly Crest

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Geographical coordinates (GPS)

Latitude Longitude
N 34.1031 ° E -118.4122 °
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Address

Lake Drive

Lake Drive
90210 Los Angeles, Beverly Crest
California, United States
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The Mountain Beverly Hills

The Mountain Beverly Hills, formerly known as The Vineyard Beverly Hills, is a 157-acre (64 ha) undeveloped property in Beverly Hills, California reportedly worth $1 billion.Princess Shams Pahlavi, the sister of Iran’s last shah, Mohammad Reza Pahlavi, bought it in the 1970s and intended to build the shah a $20 million palace in exile after his overthrow in 1979. It never materialized and she sold it in 1987 to Merv Griffin for a reported $6.5 million. Griffin effectively sliced off the top of the mountain, grading 14 acres and removing about 2 million cubic yards of dirt. He planned an expanse including a 58,000-square-foot house, a helipad and a couple of lakes, but instead found himself busy with other real estate deals, including his 1987 purchase of the Beverly Hilton Hotel and several other hotels. Later, he divided the property into six lots for potential development. In 1997, Mark R. Hughes, the founder of Herbalife, bought the property for $8.5 million after that, it went through a number of owners, following a complex lawsuit after Hughes' death. The property was offered via a website for $1 billion and taken off the market in 2015. One of the owners in 2017 was Victorino Noval.On August 20, 2019, the property was bought back by the Hughes estate for $100,000 at a foreclosure auction. According to a Los Angeles Times report on the same date, Atlanta investor Chip Dickens "borrowed around $45 million from the Hughes estate to buy the property, and that debt has since ballooned to roughly $200 million with interest and fees. Three years ago, Dickens transferred ownership to a limited liability company controlled by his partner on the project, Victor Franco Noval. Unable to pay the debts, their limited liability company, Secured Capital Partners, tried — and failed — to declare Chapter 11 bankruptcy last month, which led the Hughes estate to force a foreclosure auction to either sell the property in hopes of recouping its losses or buy it back, likely losing the $200 million they were owed in the process. They chose the latter."