Wednesday
August 27, 2014

One of L.A.'s Priciest Plots is in a Cemetery

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One of L.A.'s Priciest Plots is in a Cemetery

At $10,300 per square foot, one of Los Angeles’ priciest pieces of real estate is not a home — but a cemetery plot.

“It’s a deal at $699,000,” says Tom Gregory, the current owner of a cemetery plot that he is trying to sell. The plot of land, which can hold up to four burials, is pricey because of its location inside the Westwood Village Memorial Park Cemetery. It’s only a few yards from Marilyn Monroe’s gravesite, and a popular site among visitors. The cemetery is also the final resting place of other well-known names, such as Farrah Fawcett, Truman Capote, Dan Martin, Natalie Wood, and Jack Lemmon.

Gregory purchased the cemetery site a decade ago for $350,000. He’s decided to sell the it for double what he paid for it.

“I don’t need to sell it, but I’ve been renovating a house, and it sure would be nice to sell it,” says Gregory, who now is considering the possibility of being buried in New York next to Joan Crawford’s gravesite.

Gregory’s asking price may actually be a bargain when compared to a 2009 sale of a plot sold above Marilyn Monroe’s crypt for a reported $4.6 million on eBay.

"It's real estate, it's not a condo," Gregory says about the plot. “And if you average the cost of this plot over eternity, it's virtually free."

Source: “L.A.’s Priciest Real Estate? Not Where You’d Think,” CNBC (Feb. 5, 2014)

Read more:

Are You Ready to Be a Cemetery Neighbor?
Whistling Past the Graveyard