"The bid was accepted by the landowner this week, and Hearring notified the community that she has until Nov. 25 to raise $600,000 to secure the property. "We want to maintain the sense of community that we used to have," Hearring said. " Last week big businesses were looking to buy it up. I said no, we gotta have something for our community. We want to get back to where we used to be.""
"Altadena business owner Shelene Hearring has until Nov. 25 to raise $600,000 via GoFundMe to buy property where her martial arts studio stood prior to the Eaton Fire. Private equity firms are aggressively buying Altadena properties, prompting protests from residents, including one group called "Altadena Not for Sale." Of 289 Altadena properties sold since the fire, 168 were bought by investors - not individuals - fueling fears the community's identity will be lost."
Shelene Hearring, owner of Two Dragon Martial Arts Studio, placed a bid to buy the Lake Avenue lot after her studio burned in the Eaton Fire and has until Nov. 25 to raise $600,000 via GoFundMe. Private equity firms and other investors have purchased many Altadena parcels since the fire, prompting protests including a group called Altadena Not for Sale. Of 289 properties sold after the fire, 168 were bought by investors, raising fears about loss of local character. The burned lot has been cleared of debris and remains available amid competing offers as residents worry about community change.
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