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Multi-Family and Apartment Investing

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Kristine Libby
  • Investor
  • Pacifica, CA
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Sac County - asking for easement for bus stop

Kristine Libby
  • Investor
  • Pacifica, CA
Posted Mar 21 2019, 16:51

Hey guys, wanted to throw this up here to see if anyone's faced this before and has any advice dealing with the city. 

We own a 4-plex in an up and coming neighborhood in Sacramento, CA and the city is doing a revitalization project where they're adding bike lanes, minor landscaping and a new bus route.  This is great for the city - however, we were approached by the city asking to purchase some of our land for one of the bus stops.  It's only 8 sq ft (with 547 sq ft as a potential temporary construction easement).  I've asked for potential drawings of what the bus stop will look like (if it will just be a post or if there will be a bench, etc).  The city is offering $750 for the land and they've told us they can call on eminent domain if we don't sign.  

The pros are:

- Revitalization is great for the city. 

- A new bus stop would be convenient for our tenants

Cons are:

- It looks like construction (and use of 550 sq ft) could be a little as 2 weeks to as long as 7 months.

- Bus stops bring people congregating in front of our units. 

- Aesthetically, it can impact the curb appeal. 

- Loss of land (for $750?)

I'm asking for photos of the proposed bus stop as well as times that the lines would be running. 

Is there anything else we should keep in mind  / ask about and do we even have a choice here?

Thanks!

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