.- DEVELOPERS DREAM- 2024 Federal 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. 2024 Federal Ave. is a 6, 098 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., 2031 Colby Ave., 2035 Colby Ave., 2045 Colby Ave., 2020 Federal Ave. and 2020 Colby 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 on Federal 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 Japan town. 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 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 wth 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.

Request Information
on 2024 Federal Ave
in Los Angeles, CA
Presented by Martin Ensbury at
Lyon Stahl Investment Re, Inc.


Property MLS #SB24075821 from CRMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 2
Bedrooms On Main Level: 2

+ Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1
Bathrooms On Main Level: 1

+ Other Rooms

All Bedrooms Down

+ Appliances

Laundry Features: Gas & Electric Dryer Hookup

+ Heating and Cooling

Heating Features: Central
Heating: Yes

+ Land Info

Lot Description: 0-1 Unit/Acre, Level with Street, Value In Land
Lot Size Acres: 0.1399908
Lot Size Source: Assessor
Lot Size Square Feet: 6098

+ Garage and Parking

Garage Spaces: 2
Garage Description: Detached
Parking Total: 2

+ Home Features

View: City Lights, Neighborhood

+ School Information

School District: Los Angeles Unified
+ Display Complete School Details

Nora Sterry Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions

Daniel Webster Middle School is a public middle school located approximately 0.9 miles away.
Map directions

University Senior High School Charter is a public high school located approximately 0.9 miles away.
Map directions

Brawerman Elementary School - Wilshire Blvd Temple is a private elementary school located approximately 0.2 miles away.
Map directions

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Amenities and Community Features

Community Features: Curbs, Gutters, Storm Drains, Street Lights, Urban

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Directions: Federal Ave., South of La Grange Ave., and North of Mississippi Ave
Source Property Type: Residential
Area: WLA - West Los Angeles
Source Neighborhood: WLA - West Los Angeles
Parcel Number: 4261037020
Postal Code Plus 4: 5325
Zoning: LAR2
Property Subtype: Single Family Residence
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$66264 + $326725 $392989	$4784
2021	$64965 + $320319 $385284	$4721
2020	$64299 + $317035 $381334	$4767
2019	$63039 + $310819 $373858	$4581
2018	$61803 + $304725 $366528	$4524
2017	$60592 + $298750 $359342	$4428
2016	$59404 + $292893 $352297	$4324
2015	$58512 + $288494 $347006	$4262
2014	$57366 + $282843 $340209	$4285
2013	$57107 + $281565 $338672	$4279
2012	$55988 + $276045 $332033	$4336
2010	$54891 + $270633 $325524	$4249
2009	$54611 + $269250 $323861	$4090
2009	$54481 + $268611 $323092	$4090
2008	$53541 + $263971 $317512	$3915
2007	$52492 + $258796 $311288	$3787

+ Reveal Property Sale History

Listed 2024-04-16
$1650000
CRMLS

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Listing removed 2007-12-26
$2200
ITECH

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Listed for rent 2007-12-07
$2200
ITECH

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Listing removed 2003-11-18
$1600
ITECH

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Listed for rent 2003-11-07
$1600
ITECH

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Sold 1992-11-20
$230000
Public Record

+ Building and Construction

Total Square Feet Living: 1008
Year Built: 1924
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Front
Living Area Source: Assessor
Property Age: 100
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: House
Year Built Source: Assessor

+ Utilities

Sewer: Public Sewer
Water Source: Public