Tuesday, Feb. 3, 2009
Contact: Media Relations Officer Edward Cartagena Phone: (619) 688-6670
Caltrans to Auction Mobile Home Park in Santee
SAN DIEGO – A landmark mobile home resort built in the late ‘60s in Santee will be going on the auction block later this month, and is expected to fetch at least $2 million for the state of California.
The California Department of Transportation (Caltrans) now owns the five-acre Town & Country Mobile Lodge, purchased because a portion of the property was needed for the State Route 52 Sunny Side Gateway Project. The public auction is set for Tuesday, Feb. 17, starting at 10 a.m. at the Caltrans Office Complex at 4050 Taylor Street in Old Town San Diego. The opening bid is $1.9 million.
The mobile home park is located at the northwest corner of Prospect and Cottonwood avenues in Santee. It includes a community clubhouse, heated pool, laundry facility and 55 mobile home spaces, with the potential for seven more spaces.
“The park is deeply rooted in Santee’s history,” said Caltrans District Director Pedro Orso-Delgado. “We look forward to the new owner carrying on its legacy as an affordable and comfortable living community for East County residents.”The park generates an annual gross income of approximately $252,000 from the rental of 48 spaces. It is under city rent control ordinances and must remain in its current state for the next 10 years. The property was built in 1968 and is undergoing refurbishment that includes new laundry facilities, trash enclosures, and updated sewer and water lines.
A registration fee of $100,000 is required for the auction and should be in the form of cashier’s check, certified check or money order payable to the California Department of Transportation. An Option Deposit of 10 percent of the winning bid will be due on March 2, 2009.
Registration fees will be applied to the deposit for the winning bidder and will be returned to non-winning bidders. All sales are subject to approval by the California Transportation Committee.
The property became excess when Caltrans determined that it would no longer be necessary for the SR-52 construction project. Proceeds from the sale of excess land are deposited into the State Highway Account and used for future transportation projects.
For more information about the auction, please see the auction brochure at www.dot.ca.gov/property or contact Gary Rinehart, (619) 688-6913 in the Caltrans Right of Way Division.
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