Former Caltrans “Stub” homes Acquisition | Real Estate Services Deal in CA

South Pasadena has listed for sale former Caltrans “Stub” homes, a real estate services other acquisition business in California, for $18.5 million. The former Caltrans “Stub” homes acquisition involves eight properties tied to the never-built 710 Freeway extension corridor, including the historic Columbia House at 1131 Columbia Street. South Pasadena’s real estate services deals CA program supports CA acquisitions by disposing of state-held parcels originally seized during the 1950s–1970s land acquisition campaign. The divestiture acquisition follows California legislation such as the Roberti Act and Senate Bill 381 that enables city purchase at original acquisition prices and resale at market value, with proceeds earmarked for affordable housing and requirements to create three affordable units per historic home sold.