Business & Economy

Caltrans enters first phase of selling homes along 710 corridor

Google Maps screenshot of the entrance to the 710 freeway from its northmost point. Caltrans has been planning the freeway's extension for decades.
Google Maps screenshot of the entrance to the 710 freeway from its northmost point. Caltrans has been planning the freeway's extension for decades.
Google Maps

The process of selling 42 Caltrans-owned properties along the 710 corridor has begun, but there's still no timetable for when (or even if) any of those properties would be available to sell to the public. 

Caltrans officials outlined plans for the first phase of property sales during a conference call with media Monday, making note of a tiered priority list of potential buyer categories. Conditional offers were sent to those who fall under those categories, with the top three tiers focusing on current and former tenants.

It could take a while until the general public gets a shot at any of these homes, according to Zoltan Elo of Caltrans.

“There’s no specific timeframe for when these properties will go to public auction for the general public. We have to work through all of those priorities," he told KPCC. "We’re hoping that we will have sales in one year or less. If all of the priorities get cleared earlier, we may be able to expedite those sales to the general public in an auction.”

Heriberto Salazar of Caltrans added that it's possible "none of the properties would ever reach the public if they are sold to their existing or former tenants or to the housing entities as outlined in the priority order. There’s also the possibility that all of the properties reach public auction. It’s going to be a case-by-case basis at that point."

Caltrans has partnered with contractor Veterans Realty Group (VRG) to handle the first phase of property sales. Officials say VRG mailed out information and offer packets to eligible buyers on Friday, and will aid buyers through the process with counseling and workshops. Upon getting the packet, possible buyers have 120 days to respond.

Caltrans has set up a website for Phase 1 of the sales. You can see it here. You can also see the priority list below.

http://www.dot.ca.gov/d7/business/710sales/docs/SR-710%20Property%20Sales%20Flyer.pdf