The state is selling a former prison site southeast of LA to lock up some cash.
The Fred C. Nelles Youth Correctional Institution is the largest state-owned surplus property to hit the market in years. The 74-acre site in Whittier was opened to bids Thursday morning.
Department of General Services spokesman Jeffrey Young said the state sells a handful of properties it no longer needs each year. The prison is the biggest to go on sale since the mid-2000s when a corrections' department facility in the Silicon Valley was sold.
Young estimated the Whittier property's worth at around $70 million.
Nelles opened the "school" in 1891. The prison closed in 2004.
It's near Whittier's Uptown Village area, a shopping area, less than two miles east of the 605 Freeway off Whittier Boulevard.
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According to the sales brochure provided by the state, eight of the property's 64 buildings may be considered historically significant.