More Keen Family Trust Property Is Sold – This Time It’s 7 Cottages on 5000-Block of Voltaire

by on February 13, 2014 · 2 comments

in Culture, Economy, Environment, Ocean Beach

Once again, the Keen Family Trust is in the news, having more of its Ocean Beach property sold off, via successor trusts.

This time, it’s 7 one-story detached cottages and five garages on the 5000 block of Voltaire Street. They include four 2,500-square-foot lots. Each cottage has its own front yard. They sold for $1.25 million in cash.  Buying the units at 5073-5085 Voltaire was Voltaire Investments LLC, 1203 Activity Drive, Vista 92081.

The seller of the property (assessor’s parcel 448-121-03) was U.S. Bank as successor trustee of the Keen Family Declaration of Trust Number One, executed by Phyllis E. Keen and Kermit Keen, as trustees.

This is not the first property that the Keen Family Trust has sold of late.  Successor trusts have been busy.

In August of last year, the Keen Family Trust sold a house and 3 apartment units on the end portion of the 5000 block of Santa Monica for $1.575 million.

Then in September it was announced the sale of a the 22-unit apartment complex the Keen Family Trust had owned, located at 5041 – 5043 Santa Monica Avenue for $4.75 million.  The August and September sales totaled $6.3 Million for the trusts.

The  new grand total – if anyone is counting – for the trust is now at least $7.6 million.

{ 2 comments… read them below or add one }

avatar Dallas M. February 13, 2014 at 2:03 pm

I love those places. I lived at 5077 for awhile while Phyllis Keen was alive. Hands down my favorite place that I’ve ever lived. The last of us originals from that era has moved. The threat of higher rent and change in management caused him to not only leave the little place we’ve come to call: “Wonderland Corner” but he has moved away from OB altogether. I see that his and two others are up for rent. The sign has been there for awhile. Perhaps, I’ll find my way back there again.

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avatar gristmiller February 13, 2014 at 7:17 pm

Me thinks, “Better Hurry”!

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