- Advertisement -
More
    - Advertisement -
    - Advertisement -
    HomeNewsWeHo City Council to Consider Purchase of Property at 148 N. Swall...

    WeHo City Council to Consider Purchase of Property at 148 N. Swall Dr. for $2.6M

    At a Regular West Hollywood Council meeting on Tuesday, February 20, 2024, the city council will consider a Resolution approving the purchase of real property
    located at 148 N. Swall Drive in the City of West Hollywood. The Resolution authorizes the Director of Finance and Technology Services to allocate up to $2,600,000, plus all related closing costs for the purchase from the General Fund unallocated reserves.

    According to the Staff Report, in a proposal slated for acquisition, a single parcel of land identified by Assessor Parcel Number (APN) 4335-001-004 occupies a space south of Beverly Boulevard on the east side of North Swall Drive. The 6,006 square-foot vacant site currently lacks any structures or tenants. Designated as Residential, Multi-Family High Density (R4B-C) with a Parking Overlay, the property permits high-density residential and live/work units, as well as ground floor neighborhood-serving commercial uses. The purchase of this property is intended to utilize general non-restricted funds.

    This acquisition aligns with the forthcoming Beverly Boulevard Undergrounding and Streetscape Improvement Project, as obtaining ownership of the parcel will grant the city a critical utility easement. This easement is essential for relocating existing aerial and overhead structures along Beverly Boulevard as part of the Beverly Boulevard Rule-A Undergrounding Project. Without this easement, the undergrounding project in this section of Beverly Boulevard cannot be fully executed.

    Future use of the remaining portion of the property remains undetermined, with potential changes subject to speculation. The city plans to conduct a thorough study to explore optimal uses and redevelopment feasibility, seeking public input in the process. Any future utilization of the property must adhere to existing development standards and align with the city’s General Plan.

    On February 1, 2024, the Planning Commission adopted Resolution No. PC 24-1536 with
    a finding that the proposed land acquisition is consistent with the City of West Hollywood
    General Plan. Government Code Section 65402 provides that before any property is
    acquired by the City, the planning agency must find that the location, purpose, and extent
    of the acquisition is consistent with the adopted General Plan.

    0 0 votes
    Article Rating
    Paulo Murillo
    Paulo Murillohttps://wehotimes.com
    Paulo Murillo is Editor in Chief and Publisher of WEHO TIMES. He brings over 20 years of experience as a columnist, reporter, and photo journalist. Murillo began his professional writing career as the author of “Love Ya, Mean It,” an irreverent and sometimes controversial West Hollywood lifestyle column for FAB! newspaper. His work has appeared in numerous print and online publications, which include the “Hot Topic” column in Frontiers magazine, where he covered breaking news and local events in West Hollywood. He can be reached at [email protected]

    4 COMMENTS

    Subscribe
    Notify of
    guest
    4 Comments: We Want to Hear from You!
    newest
    oldest most voted
    Inline Feedbacks
    View all comments
    Natasha
    Natasha
    Offline
    2 months ago

    This empty lot in 2023 was valued at just over $1 million dollars. Why is the city paying $2.6 MILLION for this empty lot?????? Someone is seriously cashing in here. I hope someone does some research to find out why the city is paying more than double the value for an empty lot and who actually owns this lot and their relationship to the city.

    2023- $1,086,549 

    michael Hickland
    michael Hickland
    Offline
    Reply to  Natasha
    2 months ago

    becauswe all know that the market is over-inflated mate that this won’t last

    Enough!
    Enough!
    Offline
    2 months ago

    Government should stay out of the real estate market. How about using those funds to hire more sheriffs?

    michael Hickland
    michael Hickland
    Offline
    Reply to  Enough!
    2 months ago

    i agree with you the market is over-inflated anyway why but this parcel of land unless its designated for something by west hollywood Council??

    RELATED ARTICLES
    - Advertisment -

    Recent Comments On WEHO TIMES

    Latest Articles

    4
    0
    Would love your thoughts, please comment.x