Politics & Government
3445 Altura Ave. Sale: What You Need to Know
The city intends to declare a former GWP building on Altura Ave. as a surplus property and sell it in a public auction. Get the facts here.
A dormant Glendale Water and Power property at 3445 Altura Ave. may soon be up for sale. City staff intends to recommend that the property be sold in a public auction. Staff must get the approval of City Council first.
See what neighbors think about the sale at 3445 Altura Ave.
Important Facts:
Find out what's happening in Montrose-La Crescentawith free, real-time updates from Patch.
Property size: approximately 29,190 square feet with 125 feet of frontage on Altura Ave. The lot will likely be subdivided into two portions to accommodate two new single-family homes, said Laura Stotler, a Glendale city planner.
What it's being used for now: Nothing. “The site used to be an electrical substation, now it's just a vacant lot," said Ramon Abueg, GWP assistant general manager. The plant has been off-line since 2002, said Kevin Todd, GWP senior project manager.
Find out what's happening in Montrose-La Crescentawith free, real-time updates from Patch.
Property value: Glendale has initiated the appraisal process, but no value has been assessed yet, said Todd. La Crescenta Realtor Alex Gingrich of Dilbeck Real Estate said homes in the vicinity sell for between $550,000 to $650,000 for an average 1,600-square foot house on a 16,000-square foot lot.
What would the sale date be? Aug. 30 is the tentative last day for the public to bid on the property. Escrow on the property is tentatively set to close Oct. 31. See the public auction timeline below.
Will the property be sold as-is or will the building be demolished? The property will be sold as-is, and the future owner is responsible for any demolition and construction, according to GWP.
Will the sale involve any construction? Yes, industrial elements of the former electrical substation will have to be demolished. Residential dwellings will have to be built from scratch when the lot is sold.
How does the public auction work? GWP officials have set a tentative time frame for the auction process:
- July 12: The Glendale City Council decides whether or not to sell the property.
- July 18: Notice of sale—"Sale packet" becomes publicly available.
- Aug. 30: This is the final date to bid on the property. The city clerk conducts a public auction at the city council meeting.
- Early September: The city council votes to approve or deny the property sale to the auction winner.
- Sept. 14: A 45-day escrow period begins.
- Oct. 31: Escrow closes.
