Posted on 26 Feb
The County Assessor has spoken, and the winner for Most Valuable Property in all of Los Angeles County goes once again to The Getty Center. The Los Angeles Business Journal reports that the iconic museum and its surrounding land is worth $3.85 billion, according to its 2013 assessment, which is an increase in value of $73 million over the year before. The property, owned by the non-profit J. Paul Getty Trust, is mostly exempt from property taxes except for its commercial areas such as a gift shop and café.
Coming in second on the list of most valuable properties is the Chevron Refinery, located in El Segundo just north of Manhattan Beach. Several other refineries also make the Top 10, alongside Cedars-Sinai Medical Center (4th, $1.406 billion), the Anheuser Busch Brewery in Van Nuys (7th, $807 million), USC (9th, $712 million) and Children's Hospital Los Angeles (10th, $685 million).
Notable properties just outside the Top 10 include LACMA (12th, $622 million), The Getty Villa (15th, $496 million), Westfield Century City (18th, $478 million) and The Beverly Center (19th, $477 million).
For a list of the Top 25 Most Valuable Properties in LA County, click here (pdf).