LA County homes along 710 Freeway to be sold

Hundreds of LA County homes will be sold along the 710 Freeway corridor, Caltrans announced. The homes were acquired decades ago for a freeway project that never materialized, according to news reports.

Caltrans plans to sell the 460 parcels it bought for the proposed route, starting with 42 single-family homes in Pasadena, South Pasadena and El Sereno. Many of the homes are occupied, and transportation officials said in a press release that residents of the homes will be given first opportunity to buy them.

la county homes to be sold along 710

The LA Times reported that decades of litigation and legislation stalled the 6.2-mile freeway project before construction could begin. As a result, Caltrans was the landlord for 460 structures. Those properties range from modest cottages to Craftsman mansions.

There’s no timetable yet for when any of the properties would be available to sell to the public, but Contact Me to be notified of when the homes begin selling/auctioning to the public!

How selling these LA County homes will work

Caltrans has said the homes will be sold at fair market value, but qualifying long-term residents and those earning under 150 percent of area median income will be given a chance to purchase the properties at more affordable prices.

The agency has a tiered priority list of potential buyer categories, so it could take a while before the general public gets a shot at buying the property.  After qualifying tenants, affordable housing development companies, current tenants above income thresholds and former tenants will get opportunities to make offers. After that, remaining properties are expected to be sold at public auction.

Conditional offers were sent to those who fall under those categories, with the top three tiers focusing on current and former tenants, according to news reports.

Contact Me now to stay in touch about when these LA County homes become available to the public!

la county homes to be sold along 710

Posted on January 5, 2017 at 8:16 pm
Chris Reisbeck | Category: Properties, real estate market | Tagged , , ,

Charming Craftsman home for sale in El Sereno

I’ve just introduced some lovely buyers to a charming Craftsman home for sale in El Sereno, a neighborhood of Los Angeles. The home, built in 1926, sits on a spacious lot in the rolling hills of eastern LA.

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El Sereno is a primarily Latino neighborhood developed as a suburb in the early 1900s. In El Sereno, you’ll find:

  • Historic architecture, such as Craftsman, American Colonial Revival, Spanish Colonial Revival
  • A wealth of fantastic Mexican restaurants. An LA Times article cited such examples as El Vaquero (4884 1/2 Huntington Drive), Los Pino Market (4822 Huntington Drive)  and Mariscos Los Lechugas ( 5244 S Huntington Drive) were cited in an LA Times article.
  • Neighbors so friendly they stop to exchange greetings on the street.

El Sereno literally means “the serene one” but is also known as a term for night watchman. The neighborhood abuts the affluent South Pasadena

2905 Minto Ct: A charming Craftsman home for sale

You’ll find plenty of original character still intact in this 1926 Craftsman home for sale at 2905 Minto Court in El Sereno, Los Angeles. The home still has its original siding, as well as river rock accents that are classic to the Craftsman architectural style.

The home has two bedrooms and one bathroom, with bonus space available above the garage that can be used as an office or guest room. The kitchen leads to a light-filled breakfast nook great for enjoying morning coffee.

The view from the home, particularly from the back, is the hills of eastern LA, with no visible neighborhoods behind the house. In the backyard, you’ll have plenty of room for a garden or barbecue with family and friends.

2905 Minto Court was listed with NELA Homes at a price of $529,000 and sold for $585,000. The median home price in the area, as of October 2016, was roughly $500,000.

The El Sereno area went through several historic phases — from Native American village to Spanish Period to Mexican Rancho and American Ranch — before significant urban development took place.

El Sereno’s development is largely in part due to the first inter-urban rail route in Southern California, which opened from Los Angeles to Pasadena along the Arroyo Seco. In 1902, the Pasadena Short Line opened along Los Angeles-Pasadena Boulevard, now Huntington Drive. As housing developments followed the route — particularly some affluent ones — it created a need for community amenities such as churches, schools and social center.

From 1900 to 1915, the area that became EI Sereno lacked a unified identity. There was no coordinated plan for the community. It was only after a group of subdivisions grouped as “Bairdstown” were annexed into LA that the area became known as El Sereno, and continued to grow from there.

Don’t hesitate to contact me about homes in El Sereno or the surrounding Los Angeles neighborhoods.

Photo credit: Pierre Galant Photography

Posted on December 22, 2016 at 10:09 am
Chris Reisbeck | Category: Properties | Tagged , , , , ,