BANK FORECLOSES ON HISTORIC DOLLARADIO STATION

Feature Story

Bank Foreclosure

Photos by Franco Torres, Re/Max Westlake Investments

Save

Save

Save

Save

Save

Save

Save

Save

Save

Comments

[Lionel Emde]

Part of the inevitable disappearance of the coast in this area. By 2050 (it's going to be much sooner) most of Highway 1 will disappear as the berm coming into Pacifica is eaten away.

[AmyJo]

Who on earth would buy that slow-moving trainwreck? You couldn't even host a farewell party for it; the guests would fall off the back deck off the cliff!

[Big Banker]

The bank is the new owner. It was foreclosed upon today at 1 pm.

Wednesday
10/18/2017 01:00 PM
Address: 100 PALMETTO AVENUE
Get Yahoo! Map
City: PACIFICA
State: CA
Zip: 94044
County: San Mateo
APN: 009-401-060 & 009-023-100
Sale Status: Back to Bene 10/18/2017
TS Number: 201704067
ASAP Number: 4633693
Notice of Sale Amt: $1,950,974.02
Opening Bid Amt: $1,971,276.87
Sold Amt: $1,971,276.87
Sale Location: At the Marshall Street entrance to the Hall of Justice and Records, 400 County Center, Redwood City, CA 94061
Get Yahoo! Map
Firm Name: Entra Default Solutions, LLC
Firm Phone#: 925-272-4993

[Carl May]

Riprap provides little more than a temporary false hope and has downsides equal to any hoped-for positive results. The beach is greatly diminished in front of riprap from wave reflection, and sea-level bluff erosion increases to either side of the rocks. Pacifica provides a number of obvious examples of failures of bluff armoring -- so many that it would qualify as crazy to do more of the same. It's a neat old building; but it would be much smarter to give it more years by moving it inland on the property.

[Alan]

Joan's riprap has also helped slow erosion toward the northern building of the condos. Northwest winter swells hit straight on to that corner bluff. Nothing has gone down there for more than six years now, so the original condo boulders are sinking into the sand under their own weight. The coastal path is having to be relocated to uphold the easement, because of undercuts. Someone (Joan/new owner and/or the condo's HOA) needs to drop a couple of million to get new riprap down there. Winter is coming; if you don't protect from undercuts, you'll need to protect from undercuts and top drops (which means an additional 6 million on stitch-piers or soil-nails). Some of us were paying very close attention to what happened to 330, then 320, and then 310 Esplanade, and don't want to see it repeated.

[Erin by the beach]

Other towns have relocated these types of buildings. Easier said than done, but it should be moved to Palmetto.

[ian butler]

The idea of armoring the coast to save Dollarradio is a pipe dream. It would cost two and a half times the value of what it is intended to preserve, and buy only a few years. The property does have stable space inland that the structure could be moved to, although being made of brick, moving would be extremely difficult. Nevertheless, it would cost far less than $5 million and not have the environmental costs associated with armoring.

[Jimi Hendrix]

Castles made of sand, fall in the sea, eventually.

[Big Banker]

It looks like the property will go to sale on October 18, Wednesday at 1 p.m. Address: 100 PALMETTO AVENUE, PACIFICA
APN: 009-401-060 & 009-023-100
TS Number: 201704067
Notice of Sale Amount: $1,950,974.02
Opening Bid Amount: $1,971,276.87

Sale Location: Marshall Street entrance to Hall of Justice and Records, 400 County Center, Redwood City

Firm Name: Entra Default Solutions, LLC

Firm Phone number: 925-272-4993