Los Angeles, CA 90025,2031 Colby AVE
Los Angeles, CA 90025,2031 Colby AVE
Los Angeles, CA 90025,2031 Colby AVE
Los Angeles, CA 90025,2031 Colby AVE
Los Angeles, CA 90025,2031 Colby AVE
Los Angeles, CA 90025,2031 Colby AVE
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Divine Fog Realty San Diego

Divine Fog Realty San Diego

$ 1,650,000
Est. payment | /mo

2 Beds

1 Bath

890 SqFt


Save
$ 1,650,000
Est. payment | /mo
Save

2 Beds

1 Bath

890 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 890 sqft

Price per Sqft $1,853

MLS Listing ID SB24075384

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1922

Lot Size 6,102 Sqft

Acres 0.1401

Property Description

DEVELOPERS DREAM- 2031 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. 2031 Colby Ave. is a 6,102 sq. ft. parcel currently being used as a single-family residence. The other properties included in this portfolio are: 2007 Colby Ave., 2026 Colby Ave., 2027 Colby Ave., 2035 Colby Ave., 2045 Colby Ave., 2020 Federal Ave., 2020 Colby Ave., and 2024 Federal Ave. Property can be sold separately!
Rarely does a piece of residential land (LAR2) of this magnitude come along in one of Los Angeles’ most desirable westside neighborhoods. Over the past five years, there have been a number of new construction “two-on-a-lot” developments in the immediate vicinity of the subject properties. However, given the size of the contiguous properties, a developer should also be able to obtain bonus density and build a substantial number of 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 in the center of the Sawtelle district, 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 also 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 2

Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup

Interior

Interior Features All Bedrooms Down

Laundry Location Electric Dryer Hookup,Gas Dryer Hookup

Heating Central

Cooling None

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

View Y/N Yes

View City Lights, Neighborhood

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Street Level, 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 4261037006

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Martin Ensbury • Lyon Stahl Investment Real Estate, Inc. • 310-880-0132
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2031 Colby AVE