WOODLAND HILLS (CBSLA) — The last orange grove in the San Fernando Valley, the final remnant of the area’s agricultural history and heritage, is for sale and could make way for more luxury housing.

(credit: CBS)

Bothwell Ranch, a 14-acre grove of 1,500 Valencia and Navel orange trees, is just south of Ventura Boulevard and sandwiched between Tarzana and Woodland Hills – both areas that have seen home values skyrocket in recent years.

READ MORE: DEA Warns Of Aggressive Scammers Texting Fake FBI Badges To Extort Money, Steal Personal Information

The orange farm could be razed to make way for as many as two dozen single family homes that could sell for between $2 million and $4 million according to the Los Angeles Daily News.

READ MORE: San Diego Woman Sues GoFundMe Campaign Creator Over Starbucks Barista Fundraiser

But there are longtime residents who want the grove to be maintained as public green space. A change.org petition has more than 700 signatures, asking city officials and the Bothwell family to consider several alternate scenarios that would keep the ranch as green space as a park, a community garden or educational center.

MORE NEWS: Driver Killed In Fiery Wreck On 60 Freeway In Hacienda Heights Despite 'Heroic' Efforts Of Good Samaritan

The asking price for the ranch is about $15 million.