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.
Property Details
Price:
$3,295,000
MLS #:
SB24075380MR
Status:
Active
Beds:
3
Baths:
4
Address:
2027 Colby AVE
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
westla
City:
LOS ANGELES
Listed Date:
Apr 16, 2024
State:
CA
Finished Sq Ft:
1,843
Year Built:
1905
Schools
Interior
Cooling
None
Laundry
Gas Or Electric Dryer Hookup
Exterior
Building Type
Attached
Common Walls
Attached
Community Features
Curbs, Sidewalks, Storm Drains, Street Lights, Urban
Parking Garage
Driveway, Garage
Pool Description
None
Financial
Land Lease Type
Fee
See this Listing
Mortgage Calculator
Map
Community
- Address2027 Colby AVE LOS ANGELES CA
- AreaWest L.A.
- CityLOS ANGELES
- CountyLos Angeles
Similar Listings Nearby
- 212 S Woodburn Dr
Los Angeles, CA$4,279,000
2.37 miles away
- 9722 Saturn St
Los Angeles, CA$4,250,000
2.91 miles away
- 1029 Westholme Ave
Los Angeles, CA$4,250,000
1.88 miles away
- 1633 Stone Canyon RD
LOS ANGELES, CA$4,250,000
4.60 miles away
- 12510 W Sunset BLVD
LOS ANGELES, CA$4,250,000
2.42 miles away
- 143 Union Jack MALL
MARINA DEL REY, CA$4,250,000
4.76 miles away
- 942 25th St
Santa Monica, CA$4,250,000
2.02 miles away
- 425 Sherman Canal
Venice, CA$4,250,000
3.86 miles away
- 429 Sherman Canal
Venice, CA$4,250,000
3.85 miles away
- 1810 S Sherbourne Dr
Los Angeles, CA$4,200,000
3.82 miles away
Courtesy of Martin Ensbury at Lyon Stahl Investment Real Estate, Inc.. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-05-02.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2024-05-02.
2027 Colby AVE
LOS ANGELES, CA
LIGHTBOX-IMAGES