Caltrans as a landlord

I was wandering around the web tonight as I relaxed after coming home from work, trying to find information on the new Arroyo Seco Historical Parkway signs (which I just saw tonight) and on the U.S. Bank Tower changing its lights back to white, from the blue last week.

I stumbled on Caltrans’s District 7 Rental Properties and thought, ooh? Maybe Caltrans is renting stuff out for under market value. I am blissfully happy where I live now, but shoot, if Caltrans has got a house they’re renting out for cheap I would be all for that.

Turns out, not so much. If anything, it seems that Caltrans is looking to cash in on this landlord’s market. Check out these rents, posted on March 18:

Number Street City Type Historic Approx Sq. Ft. # Bdrms # Baths Mo. Rent
5500
Atlas
L.A.
SFR
Hist.
3,080
4
3
$3,300
3530
Sheffield Ave.
L.A.
SFR
1290
2
1
$1,400
3723
Sheffield Ave.
L.A.
SFR
1,556
3
1.5
$1,800
801
S. Pasadena Ave.
Pasadena
SFR
Hist.
4,025
5
2
$5,400
1000
S. Pasadena Ave.
Pasadena
SFR
Hist.
5,004
5
4
$6,000
1090
S. Pasadena Ave.
Pasadena
SFR
Hist.
1,943
4
3
$3,500
711
S. Pasadena Ave.
Pasadena
SFR
1,623
3
2
$2,300
584
St John
Pasadena
SFR
Hist.
2,400
4
1.75
$3,340
670
St John
Pasadena
SFR
Hist.
3,926
5
3.5
$4,000
212
W. California Blvd.
Pasadena
Apt.
Hist.
1855
3
2
$2,100
225-C
W. California Blvd.
Pasadena
Apt.
910
2
1
$1,275
1109
Columbia Street
So. Pas
SFR
Hist.
4,140
6
5
$5,500
1011
Foothill
So. Pas
SFR
1174
2
1
$2,100

The cheapest rent is a Pasadena 910-square foot apartment with two bedrooms and one bath for $1,275, which I suppose is not bad – it’s about $100 more than what I pay for a 700-square foot apartment – but I get to be on top of a hill, with a balcony, complex pool and a refrigerator (which we all know is generally a nonexistent concept in L.A. – psh! an apartment with a refrigerator. Whatever). But even if I’d been willing to shell out $1275 a month, I wouldn’t be able to afford that hefty security deposit – I mean, who has nearly two grand lying around? In addition, I know exactly where 225-C W. California Blvd. is – it’s these crappy apartments right off a freeway exit. It is near a park, sure, but I wouldn’t want to sleep in such close proximity to all that 210 traffic, looking for the 110.

I guess this might work out for the movie companies, but not so much for a regular Joe or Jill (like myself). At these prices, I wonder how many of these properties have been rented. It’s also interesting to see how many of these homes are marked as historical properties.

One thought on “Caltrans as a landlord

  1. Those are properties along the 710 freeway route right? I think they bought them all up, and then couldnt build the freeway due to the Nimbys in South Pasadena. Of course, they will wait 30 years and try to build it again.

    If they were offering below market rents, I would venture to guess it would be pretty hush hush and offered to state employees, insiders, etc.

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