Yikes!! On the 24th, Caltrans is also trying to auction off 3 smallish, older single-family homes either abutting the 405 fwy or just a few feet from it! From the photos they supplied, a couple of them appear to be currently rented, lol.
The opening bids are from $590K to $615K. They are all situated in the “Westchester” (Century City?) area of LA on bigger than standard-sized lots.
I can’t completely tell from the map but it appears these homes may be just barely out of a commercial jet landing path but I still feel their opening bids are wa-a-a-a-ay too high, due to the very obvious economic obsolescence surrounding them!
If these opening bids are supposed to be “bargain-priced” for the west side, then I am astounded! I haven’t looked around at all on the west side, only the east side (east of Pasadena and almost to the San Bern County line). If you’re shopping for a home in LA County, you can get a much better deal out there and they are all in mostly very nice, quiet neighborhoods with better than avg-sized lots.
Good L@ord, I wouldn’t pay even $50K for a home abutting an interstate hwy … or even its service road (esp a hwy which is 8-12 lanes wide). The lots these state-owned homes sit on are virtually worthless to me.
It will also be very interesting to see how much these homes end up selling for :=0
