Wednesday, July 28, 2010

Here’s home of pricey Vernon pensioner


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Last week we looked at the Huntington Beach house owned by Robert Rizzo, who just resigned from his nearly $800,000-a-year Bell city manager job after public outcry over his paycheck.

Today, we’re peeking at the Surf City home of yet another controversial ex-L.A.-area official — Bruce Malkenhorst Sr.

Before Rizzo’s salary hit the news, the wages of Malkenhorst, a longtime Vernon administrator, were coming under fire. Malkenhorst was the highest paid city official in the state before he stepped down, bringing in more than $600,000 a year — in a city with fewer than 100 residents.

The Register reported in 2009 that Malkenhorst pulled in the biggest municipal pension in California — close to $500,000 a year.

The story noted that “for three decades Malkenhorst was Vernon’s city manager, finance director, redevelopment director, city clerk, city treasurer and head of the municipal light and power operation.”

By the way, Malkenhorst is awaiting trial on charges of embezzling $60,000 for massages, golf outings, meals and other stuff. He was unapologetic in an interview with Register reporter Tony Saavedra, saying, “If I had a bad back and got a massage, I got a massage.” He added that the Vernon city council approved his expenses.

Rizzo’s pension will eclipse Malkenhorst’s.

Last week we checked out Rizzo’s digs. Now we’re cruising by the Malkenhorst residence, above.

Because when a city official makes those kinds of bucks, we just have to ask: What’s his house like?

Their homes aren’t in the same neighborhood, but Malkenhorst has this in common with Rizzo: In a city famous for its surf, and to a lesser extent, its harbor, both houses are land-locked.

Malkenhorst’s place is not on the market, but Redfin shows it sold in 1998 for $1,060,000, and Zillow “Zestimates” it at $1,314,500. The tax assessor valued it at $1,368,327 last year.

Homes for sale in the nearby area have asking prices between $1,140,000 – $3,800,000, according to Redfin.

Is this what you would have expected?

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