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SATURDAY, AUGUST 3, 2019 VOLUME 13 NO. 31 Find a lender & get pre-approvedChoose an agent. Choose a house & make an offer. Schedule an inspection. The lender schedules an appraisal. Negotiate any repairs requested after receiving the inspectors report. Sign escrow instructions. Sign loan documents. Conduct a final walk-through within five days of closing escrow. The loan funds & the deed is recorded. Collect keys from agent. Move in. Jan Greteman 626.975.4033jan@jangreteman.com jangreteman.com #01943630 Judy Webb-Martin 626.688.2273jwmartin@dppre.com #00541631Katie Orth 626.688.0418korth@dppre.com #00942500The Homebuying ProcessWho We are: Residents & business owners of Sierra Madre selling real estate since 1975 & proudly giving back to the community. Your Story. Your Home. Your Team. Together Stronger. 30 N. Baldwin Avenue, Sierra Madre 91024Contact Us for a FREEProperty Assessment. THEWEBB-MARTIN GROUP RESIDENTS OF SIERRA COTTAGES NOW LIVING WITH FEAR AND UNCERTAINTY OVER PENDING SALE Tenants of the iconic canyon community learn of possible evictions or unmanageable rent increases The listing describes it as a "Once In A Lifetime Opportunity", calling the 15 units "whimsical cottages" in "serene magical surroundings". The sale price is shown as $4.9 million dollars, and the discovery that the property that had only listed on Zillow for 24 days was in escrow, has sent the tenants of this complex into a justifiable panic. The residents, which include persons who have lived there more than 30 years, seniors and the disabled are now faced with having to move from their homes and enter a rental market that is limited and expensive and will most likely, not be in Sierra Madre. Speculation is that the new owners, with a new mortgage of almost 5 million dollars, will ask all tenants to leave and increase the rents accordingly. It is assumed that with the property changing hands soon, and the state's mandatory 60 day notice, current tenants may be expected to vacate as early as October, 2019. The speed to which the sale may move forward may also be enhanced by the fact that the California Senate Advanced AB 1482, a statewide rent control bill that includes a provision that would only allow landlords to evict tenants with “just cause". Examples of just cause include failing to pay rent, causing a nuisance, and “criminal activity by the tenant on the premises.” The bill, which has already been passed by the Assembly, is sponsored by Assemblymember David Chiu of San Francisco, also protects tenants from rent gouging and would have the largest impact on cities that don’t already have rent control laws. Sierra Madre does not have any rent control laws. The sale of the property, which has not changed hands in over 30 years according to the agent representing the sellers. is more the result of a change in the owners circumstances rather than a desire to make a profit in a ever changing real estate market. According to the seller's agent, the current owners were a married couple. The husband passed away and apparently retaining ownership of the complex was no longer feasible for the widow. Nevertheless, the reality of being evicted and looking for a new place to live in today's rental market is frightening. For long time residents, especially those on a fixed income, it will be next to impossible to find a comparaable place to live in terms of their existing rent. The sale will impact 15 families, 19 people who very well may have to say goodbye to their beloved Sierra Madre. No one is certain what will happen next but the Sierra Court community is anxious to hear from the new owners. Efforts to reach the buyers representative were unsuccessful at press time. In the meantime, fear and anxiety fill each and every day for the current tenants of the place also described as a place of "overall peaceful ambiance". S. Henderson/MVNews IN THE EYE OF THE TIGER: Sierra Madreans Jerry and Dottie Burnett honored by Occidental College SAVE THE DATE AUGUST 6, 2019 Last year the Sierra Madre Police Department deployed teams that visited individual block parties within the city. Your participation was well received citywide, making the evening very successful. All teams rotated each event to ensure that all residents could meet the entire department without leaving their party! If you are part of a Neighborhood Watch team, please contact your block captain or if you are not part of a team, you can contact me so we can accommodate your block party. The date again is, Tuesday, August 6, 2019 at 5:00PM. We are looking forward to visiting neighborhoods throughout the city on another fantastic National Night Out! For more information, please feel free to contact: CSO Lou Oronoz @ 626/355-4596 or loronoz@cityofsierramadre.com with any questions. Jerry and Dottie Burnett who had recently celebrated their 65th wedding anniversary were recently honored by their alma mater, Occidental College during its Alumni Weekend. They were awarded the “Auld Lang Syne” Award established by the Occidental Alumni Association and the “Fifty Year Club” in 1954 and is given annually to a member(s) of the Fifty Year Club in recognition of his or her unswerving loyalty to Occidental College and the principles for which Oxy stands. Dottie has served on the Fifty Year Club and two terms on the Alumni Board of Governors. She has co-chaired her reunion committees and has been President of the Gamma Theta Sorority Alumnae Board for over 20 years. Jerry has served on multiple reunion committees and the steering committee for Sigma Alpha Epsilon’s reunion events. They have taken part in College events celebrating graduating seniors, and have remained involved on campus ever since they were students. Their journey actually began at Occidental where Dottie's was a freshman year in 1950, and Jerry was a sophomore. He graduated in 1953 and she graduated in 1954. They married immediately after her graduation from “Oxy” and just prior to Jerry going into the U.S.Army. Sierra Madre residents since 1967, the couple have two sons, Bob and Brian, daughters in law Rosemary and Kay, and three granddaughters, Amanda, Paige, and Karina. Both are currently very active in Sierra Madre civic affairs, most notably Dottie with the Creative Arts Group and Jerry with the Sierra Madre Kiwanis Club. Mountain Views News 80 W Sierra Madre Blvd. No. 327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.609.3285 Email: editor@mtnviewsnews.com Website: www.mtnviewsnews.com | |||||||||||||||||||
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Mountain Views News 80 W. Sierra Madre Blvd. #327 Sierra Madre, Ca. 91024 Office: 626.355.2737 Fax: 626.604.4548 www.mtnviewsnews.com |