Family to sell Bruce's Beach property back to L.A. County for nearly $20 million

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County officials say the Bruce family has agreed to sell the Bruce's Beach property in Manhattan Beach back to Los Angeles County for nearly $20 million

In a heartfelt ceremony, Los Angeles County completed the historic land return of Bruce’s Beach by handing the deed to its rightful Black heirs.

A county team that worked alongside an attorney for the Bruce family conducted an economic analysis to determine the value of the property. The county maintains a lifeguard training facility on the property. Since the property was transferred last summer, the county had been leasing it from the Bruces for $413,000 a year.

Board of Supervisors Chair Janice Hahn said in a statement Tuesday that the family decided to sell within that two-year-period. Attorney George Fatheree, who represents the family in the transfer, said in an interview with host Tavis Smiley on KBLA-AM radio that the sale was not unexpected and represented a “positive development” for the family.

“My clients were essentially robbed of their birthright. They should have grown up part of a hospitality dynasty rivaling the Marriotts and the Hiltons,” he said. “The return of the property and the ability to sell the property and take the funds and invest it in a way that is important to their lives represents an important opportunity for my clients to have a piece of that.

Source: Real Estate Daily Report (realestatedailyreport.net)

 

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This sets a bad precedent. What if that were a home and YOU owned it? Does this mean you get your house stolen from you when you had nothing to do with the original incident? And what about those who have had their home stolen due to 'eminent domain'?

What was the Bruce family paid back when the property was condemned? What was its actual fair market value then?

And turn it into affordable housing land. If Manhattan beach residents complain tell them to shut up, cause at least the Bruce family did their part to help where they haven't.

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