2027 Colby Avenue, Los Angeles CA, 90025
(Active)
$3,295,000
|
3 beds, 4 Full baths, 1,843 sqft
|
MLS# SB24075380
Last Updated: 4/30/2024 1:42 AM
Description for
2027 Colby Avenue
Los Angeles, CA 90025
DEVELOPERS DREAM- 2027 Colby Ave. is 1 of 9 parcels included in the FK Nursery Development Portfolio. This is a once in a lifetime development opportunity located in the heart of the Sawtelle district of West Los Angeles. The total offering consists of 9 parcels, all zoned LAR2, totaling approximately 111,311 sq. ft. 7 of the 9 parcels are contiguous, and the remaining 2 parcels are contiguous on the East side of Colby Ave. 2027 Colby Ave. is a 12,204 sq. ft. parcel with an existing single-family residence that is being used by F.K. Nursery, a family-owned and operated nursery business that has been a staple of the Sawtelle neighborhood since 1939. F.K. Nursery is truly a California landmark! The nursery is set to close operations in July of 2024. The other portfolio addresses are: 2007 Colby Ave., 2026 Colby Ave., 2031 Colby Ave., 2035 Colby Ave., 2045 Colby Ave., 2020 Federal Ave., 2020 Colby Ave., and 2024 Federal Ave. Can be sold separately!Rarely does a piece of residential land (LAR2) of this magnitude come along in one of Los Angeles hottest westside neighborhoods. There have been many recent new construction two-on-a-lot developments in the immediate vicinity. However, given the size of the contiguous properties, a developer should also be able to obtain bonus density and build many for-sale townhomes on the property or large apartment building(s). The subject property is located between Federal Ave. and Colby Ave, South of La Grange Ave., and North of Mississippi Ave. The property benefits from its unique location less than half a mile from the historic Sawtelle Japantown. Sawtelle Blvd. is widely renowned as one of the best streets for food in all of Los Angeles, featuring a myriad of different restaurants including Tsujita LA, Chichikurin, Daikokuya, Menya Tigre, Sonoritas Prime Tacos, Hermanito, and many others. Due to the incredible restaurants, this area has some of the best foot traffic in all of Los Angeles. The property benefits from direct access to the 405 and 10 freeways which are located just minutes away, as well as the proximity to UCLA and the upscale Santa Monica shopping and beaches.Included as a Supplement to this listing is the Offering Memorandum with a Feasibility Study, which includes a plat map with addresses, conducted by a top architecture firm, Ennead Architects, along with a corresponding Land Use Assessment prepared by Somos Law Group, who specializes in land use and real estate transactions.
Price
$3,295,000
Los Angeles
3
4 Full
1,843 (approx)
SB24075380
Active
Description
DEVELOPERS DREAM- 2027 Colby Ave. is 1 of 9 parcels included in the FK Nursery Development Portfolio. This is a once in a lifetime development opportunity located in the heart of the Sawtelle district of West Los Angeles. The total offering consists of 9 parcels, all zoned LAR2, totaling approximately 111,311 sq. ft. 7 of the 9 parcels are contiguous, and the remaining 2 parcels are contiguous on the East side of Colby Ave. 2027 Colby Ave. is a 12,204 sq. ft. parcel with an existing single-family residence that is being used by F.K. Nursery, a family-owned and operated nursery business that has been a staple of the Sawtelle neighborhood since 1939. F.K. Nursery is truly a California landmark! The nursery is set to close operations in July of 2024. The other portfolio addresses are: 2007 Colby Ave., 2026 Colby Ave., 2031 Colby Ave., 2035 Colby Ave., 2045 Colby Ave., 2020 Federal Ave., 2020 Colby Ave., and 2024 Federal Ave. Can be sold separately!Rarely does a piece of residential land (LAR2) of this magnitude come along in one of Los Angeles hottest westside neighborhoods. There have been many recent new construction two-on-a-lot developments in the immediate vicinity. However, given the size of the contiguous properties, a developer should also be able to obtain bonus density and build many for-sale townhomes on the property or large apartment building(s). The subject property is located between Federal Ave. and Colby Ave, South of La Grange Ave., and North of Mississippi Ave. The property benefits from its unique location less than half a mile from the historic Sawtelle Japantown. Sawtelle Blvd. is widely renowned as one of the best streets for food in all of Los Angeles, featuring a myriad of different restaurants including Tsujita LA, Chichikurin, Daikokuya, Menya Tigre, Sonoritas Prime Tacos, Hermanito, and many others. Due to the incredible restaurants, this area has some of the best foot traffic in all of Los Angeles. The property benefits from direct access to the 405 and 10 freeways which are located just minutes away, as well as the proximity to UCLA and the upscale Santa Monica shopping and beaches.Included as a Supplement to this listing is the Offering Memorandum with a Feasibility Study, which includes a plat map with addresses, conducted by a top architecture firm, Ennead Architects, along with a corresponding Land Use Assessment prepared by Somos Law Group, who specializes in land use and real estate transactions.
Listing Information
| Property Type: Single Family, 1 Story | ||
| 3 | 4 Full | |
| 0.28 Acres | Assessor | 1,843 (approx) |
| 1905 | Yes-2 spaces | 1 |
Public
Public Sewer
Neighborhood
School Information
| District: Los Angeles Unified | ||
Room Information
| Bathrooms: Main Level: 4 | |||
| 4 | |||
Main Level: 3, Total: 3
Electric Dryer Hookup,Gas Dryer Hookup
Interior Features
None
1 Common Wall
Front
None
All Bedrooms Down
Exterior / Lot Features
2 Garage Spaces,
2 Parking Spaces,
0 Covered Parking Spaces,
Driveway,Garage
None
City
LAR2
0-1 Unit/Acre,Value In Land
Driving Directions
Colby Ave, South of La Grange Ave., and North of Mississippi Ave
Financial Considerations
| 4261037005 |
Cash,Cash to New Loan,1031 Exchange
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90025 has a population of 3,956,168.
The median household income in Los Angeles, California 90025 is $95,159. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90025 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/16/2024 | Active | $3,295,000 USD |
|