Two Los Angeles-based real estate partnerships are...
- Share via
Two Los Angeles-based real estate partnerships are buying Rancho Sespe, the largest parcel of land in Ventura County, for $20 million. The partnerships, Sespe East and Sespe West, bought the property, the hide-out of Mexican bandit Joaquin Murietta 150 years ago, from Newport Beach Development Co., a consortium of San Joaquin Valley investors. Under terms of the agreement, the buyers will continue to lease the 4,249-acre Rancho Sespe to Rivcom Corp., a wholly owned subsidiary of Riverbend International Corp., an agricultural food company.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
