$2805000 Price Analysis   ♡   Los Angeles, CA 90025 2 bed 1 bath 672 SqFt ($4174/SqFt) 0.25 acre lot. Built 1923 Listed 2024-04-16, Taxes $6736 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
DEVELOPERS DREAM- 2020 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. 2020 Colby Ave. is a 10, 995 sq. ft. parcel with a SFR currently 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 will close as of July of 2024. This is 1 of 2 parcels located on the East side of Colby Ave. 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 2024 Federal Ave. Can be sold seperately. Rarely does a piece of residential land of this magnitude come along in one of Los Angeles most desirable westside neighborhoods.
There have been a number of recent new construction two-on-a-lot developme nts 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 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. 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 nd 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.
Presented by Martin Ensbury at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24075785 from CRMLS
Bedrooms On Main Level: 2
Full Bathrooms: 1
Bathrooms On Main Level: 1
Heating: Yes
Lot Size Acres: 0.2524
Lot Size Source: Assessor
Lot Size Square Feet: 10995
Garage Description: Attached
Parking Total: 2
Map directions Map directions Map directions Map directionsCounty: Los Angeles
Directions: Colby 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: 4261036036
Postal Code Plus 4: 6206
Zoning: LAR2
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $35343 + $497579 $532922 | $6736 |
| 2021 | $34650 + $487823 $522473 | $6648 |
| 2020 | $34295 + $482821 $517116 | $6708 |
| 2019 | $33623 + $473354 $506977 | $6449 |
| 2018 | $32964 + $464073 $497037 | $6318 |
| 2017 | $32318 + $454974 $487292 | $6181 |
| 2016 | $31685 + $446053 $477738 | $6048 |
| 2015 | $31210 + $439353 $470563 | $5961 |
| 2014 | $30599 + $430747 $461346 | $5987 |
| 2013 | $30461 + $428801 $459262 | $5979 |
| 2012 | $29864 + $420394 $450258 | $6052 |
| 2010 | $29279 + $412151 $441430 | $5922 |
| 2009 | $29131 + $410043 $439174 | $5711 |
| 2009 | $29061 + $409071 $438132 | $5711 |
| 2008 | $28560 + $402003 $430563 | $5467 |
| 2007 | $28000 + $394121 $422121 | $5293 |
$2805000
CRMLS
Listing removed 2013-06-29
$2600
TheMLSCLAW
Listed for rent 2013-06-19
$2600
TheMLSCLAW
Year Built: 1923
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Front
Living Area Source: Assessor
Property Age: 101
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: House
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.