Trump National Golf Club Los Angeles
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Fast Facts
Underlying Assets: Golf Course and Unsold Lots
Location: Los Angeles, CA
Purchase Date: 2002
Purchase Price: $27 million
Reported Value: $50 million or more
Reported Income: $26,905,496
Website: trumpnationallosangeles.com
Overview
Donald Trump bought the Trump National Golf Club - Los Angeles in 2002 for $27 million. The course is located in the community of Ranchos Palos Verdes. Trump claimed that the course was worth $50 million or more in his 2016 financial disclosure. This claim contradicts appeals Trump has made to lower the assessment value of the golf course to $14 million.
Trump has reported two streams of income for his Los Angeles Golf Club. Golf related revenue was $15,635,196 in 2016. Land Sales accounted for $11,270,300 in 2016. Trump developed housing associated with the site, building fifty mansions worth millions of dollars each.
Donald Trump has feuded with local officials and neighbors over illegally planted rows of ficus that obscured neighbors' views of the ocean.
Ownership Structure
Trump National Golf Club - Los Angeles <-- 100% owned by RPV Development LLC <-- 100% owned by Donald J. Trump