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Buying a piece of history: descendants of original Spanish land grant sell last portion of property.

Publication: Los Angeles Business Journal
Publication Date: 01-APR-02 		Format: Online - approximately 758 words
Delivery: Immediate Online Access
Full Article Title: Buying a piece of history: descendants of original Spanish land grant sell last portion of property.(Culver City, California)(Brief Article)

Article Excerpt
WERE it not already dotted with oil drilling equipment, the sale of a scrubby patch in Culver City might have received more notice.

Still, the deal for the otherwise nondescript 12.8-acre site on the south side of Jefferson Boulevard marks the passing of a piece of Los Angeles history.

When eight members of the Machado family recently signed papers transferring ownership to Calabasas developer Mark Webber, they sold off the remaining large piece of the original 14,000-acre Rancho La Ballona still owned by the descendants of its land-grant owner.

The eight sellers, who range in age from 35 to 84 years old, are fourth- and fifth-generation descendents of the brothers, who claimed...

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