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.