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CC - Approval of a Purchase and Sale Agreement with WS Investments Property LLC to Purchase a Portion of a City-Owned Property Located Adjacent to 4201 Jackson Avenue.
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Meeting Date: August 27, 2018
Contact Person/Dept: Joe Susca/Public Works-Administration
Phone Number: 310-253-5636
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (08/21/18); WS Investments Property LLC (08/07/18)
Department Approval: Charles D. Herbertson (08/16/18)
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RECOMMENDATION
Staff recommends the City Council approve a Purchase and Sale Agreement with WS Investments Property LLC to purchase a portion of Assessor Parcel Number 4209-002-900, a City-owned property located adjacent to 4201 Jackson Avenue for an amount of $95,000.
BACKGROUND
The 4201 Jackson Avenue property is comprised of a 750 square foot single family house built in 1923, located on a 3,000 square feet, R2-zoned lot (the "Jackson Property"). The City owns the adjacent parcel comprised of a 3,742 square foot L-shaped lot that wraps around the rear of the Jackson Property. The City parcel is improved with a fenced-in walkway providing pedestrian access from Farragut Drive and Jackson Avenue to Farragut Drive and Jasmine Avenue with cobra head streetlights that illuminate the walkway at night, mature trees and a sewer main running along the rear property line that serves the Jackson Avenue/Jasmine Avenue block of houses (the "City Property") (See Attachment 1 - Photographs of 4201 Jackson Avenue).
The previous owners of the Jackson Property sold it in November 2017 to WS Investments Property LLC of Paramount, California (the "Buyer"). The Buyer will be demolishing the existing house to build a mode...
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