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L.A. officials OK land for auction block

September 23, 2010

The Los Angeles City Council approved Tuesday the release of 24 land parcels in Owens Valley for sale, opening the way for a public auction tentatively planned for this winter.
According to a Department of Water and Power official, Mayor Antonio Villaraigosa has 10 days to approve the decision, followed by a 30-day review period, then “we go to auction.”
In the meantime, the parcels will be reappraised to ensure the opening bid reflects current market value.
The land release was one part of the L.A./Inyo County Long-Term Land Agreement signed in 1991 and in effect since 1997. The agreement called for the release of 75 acres. The properties just approved for sale total 55.83 acres. The remaining parcel, Phase 3 of the process, has been identified as the Hanby Property east of Bishop City Park.
The largest of the available parcels is 14.5 acres on Lake View and Post streets in Lone Pine, identified as residential.
Seven Independence commercial parcels on South Edwards range from 0.17 acres to 1.03 acres, plus two small Clay Street residential lots. Three parcels will be available on Mazourka Canyon Road: a 15.9-acre residential high density parcel, a one-acre single family lot and a two-acre light industrial lot.
The nine parcels in Big Pine, all with residential zoning, include a 4.5-acre lot on West Street. The balance ranges from 0.16-acre lots to 1.56 acres on Washington Street.
More than 10 acres, in two parcels zoned industrial/manufacturing, will be available in Laws.

 

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