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Hollywood commission authorizes staff to pursue Joseph Young House ahead of Feb. 11 auction
Summary
The Hollywood City Commission unanimously authorized staff to participate in the Feb. 11 foreclosure auction for the Joseph Young House (1055 Hollywood Blvd.) and to continue negotiating with the owner, after staff said a final foreclosure judgment was entered and appraisals and a 2024 structural review found the property generally sound.
The Hollywood City Commission unanimously approved a resolution on Feb. 4 authorizing city staff to participate in the foreclosure auction for the Joseph Young House, located at 1055 Hollywood Boulevard, and to continue negotiations with the current owner.
Assistant City Manager (recorded in the transcript as) Sralen Storey told the commission staff's city-attorney team has been tracking a foreclosure that culminated in a final judgment and a sale set for Feb. 11. Storey said staff previously attempted to buy the property in 2024, conducted appraisals and a structural analysis at that time, and found the mansion to be "generally structurally sound." The property is listed on the National Register of Historic Places, the transcript notes, and staff said that historic designation could open state and federal grant…
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