2027 Colby AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90025
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,843 sqft
Price per Sqft $1,787
MLS Listing ID SB24075380
Bedrooms 3
Full Baths 4
HOA Y/N No
Year Built 1905
Lot Size 0.280 Acres
Acres 0.2802
Property 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.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR2
Rooms
Main Level Bedrooms 3
Ensuite Laundry Electric Dryer Hookup,Gas Dryer Hookup
Interior
Interior Features All Bedrooms Down
Laundry Location Electric Dryer Hookup,Gas Dryer Hookup
Cooling None
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Garage Driveway,Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs,Storm Drain(s),Street Lights,Sidewalks,Urban
View Y/N Yes
View City Lights
Parking Type Driveway,Garage
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre,Value In Land
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4261037005
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard