48,000-Acre Lankershim Ranch Sold to Developers

Sept. 24, 1909: The 48,000-acre Lankershim Ranch is sold to investors who will subdivide it for homes.

The Times says of this milestone in the development of the San Fernando Valley: "This is the largest and most notable real estate transaction ever made in Southern California. The ranch just sold is the largest undivided piece of property in Los Angeles County, having a length of 15 miles and a width of more than 6 1/2 miles."