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May 10, 2018

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Trustee Sale File #: 2020-1259. Client File #: 2020-1259. SDI #: 18707, TS #: 2020-1259. Original Sale Date: 07/08/2020 12:30pm. Current Sale Date: 02/05/2021 12:30pm. Sale Status: Postponed due to Beneficiaries Request. Notice of Sale Amount: $3,150,648.79. Opening Bid Amount: $0.00. Sold Amount: $0.00. Property County: San Mateo. Property Address: Vacant Land, Ca 018 140 620. State: California. County: San Mateo. City: San Mateo Jud Dist. Sale Location: AT THE MARSHALL STREET ENTRANCE TO THE HALL OF JUSTICE AND RECORDS, 400 COUNTY CENTER, REDWOOD CITY, CA 94063 Zip C

Todd, the parcels in the back are potentially accessible via an extension of Spring Street and Calera Terrace. This isn't the first time that I've seen something for the narrow, very steep parcels back here. Just what Rockaway Beach Avenue needs is more construction vehicles and cars on it....

Rockaway Workforce Partners filed a Bankruptcy early this morning to postpone the Foreclosure Sale.

18-13361-01

Status: Sale Postponed to 6/22/2018 - Bankruptcy

NONE GIVEN
County: SAN MATEO COUNTY
May 23, 2018 at 12:30 pm AT THE MARSHALL STREET ENTRANCE TO THE HALL OF JUSTICE AND RECORDS, 400 COUNTY CENTER, REDWOOD CITY, CA TS Number: 18-13361-01
APN Number: 018-140-620-8

Estimated Debt: 5,086,028.93
Bid Amount: 5,096,901.54

No, the access wasn't planned. It had been a verbal agreement made by Caltrans staff that had no legally binding validity. I have the memo, thanks to an FOIA request.

Maybe money laundering in buying hot California property? I seem to remember that there was some sort of access from this property planned in the freeway segment that Pacifica recently abandoned.

And of course here is more intrigue. The owner, Rockaway Workforce Housing Partners (RWHP), is a Nevada-registered company, and the property management company representing RWHP is a single person from Panama. So is this sale a form of money laundering for some drug cartel? This is starting to get fun.

The parcels are landlocked, with no highway access. Added to the Coastal Zone is the easternmost part of Caltrans' right of way, and any attempt to create access on to Highway 1 will be appealable to the California Coastal Commission. This will be the case even if the buyer tries to use the church or pet hospital or Pacifica Lumber for access, as any development will mean increased traffic. This, if ever a project is brought forward, will be a fun one to watch burn and fail. I don't know the local realtors who are advising these poor sods, but like the last quarry attempt, someone is slinging these folks a line of pure BS.

The scheduled foreclosure sale may be news, but the sale of the two properties isn't:

http://www.pacificatribune.com/news/large-land-sale-in-pacifica/article_4b44c160-c280-11e6-a607-cb9713e34ee0.html

Correct. It is Parcel Number 018-140-620.

The only parcel I see large enough to cover 398 acres on that map is parcel number 018-140-620. It looks like the lot behind and between the Pacifica Pet Hospital and the Lutheran Church. Big Banker, can you be more specific, please? That's a very expensive patch of poison oak.

Big Banker, what are the parcel numbers?

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