DEVELOPERS DREAM- 2007 Colby Ave.

Is a corner lot and 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. 2007 Colby Ave. is a 15, 699 sq. ft. parcel 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 clse in July of 2024. The other properties included in this portfolio are: 2026 Colby Ave., 2027 Colby Ave., 2031 Colby Ave., 2035 Colby Ave., 2045 Colby Ave., 2020 Federal Ave., 2020 Colby Ave. and 2024 Federal Ave. Rarely does a piece of residential land (LAR2) of this magnitude come along in one of Los Angeles most desirable wes tside 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. Uniquely located less than half a mile from 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 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.

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on 2007 Colby Ave
in Los Angeles, CA
Presented by Martin Ensbury at
Lyon Stahl Investment Re, Inc.


Property MLS #SB24074875 from CRMLS

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+ Land Info

Lot Description: 0-1 Unit/Acre, Agricultural, Level, Near Public Transit, Value In Land
Lot Size Acres: 0.3604
Lot Size Source: Assessor
Lot Size Square Feet: 15699

+ Home Features

View: City Lights

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Amenities and Community Features

Community Features: Curbs, Sidewalks, Storm Drains, Urban

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Directions: Colby Ave, South of La Grange Ave., and North of Mississippi Ave.
Source Property Type: Land
Area: WLA - West Los Angeles
Source Neighborhood: WLA - West Los Angeles
Parcel Number: 4261037001
Zoning: LAR2
Source System Name: C2C
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Listed 2024-04-16
$4240000
CRMLS

+ Utilities

Electricity Available
Sewer Connected
Water Source: Public

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Nora Sterry Elementary School is a public elementary school located approximately 0.4 miles away.
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University Senior High School Charter is a public high school located approximately 0.9 miles away.
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Daniel Webster Middle School is a public middle school located approximately 0.9 miles away.
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Brawerman Elementary School - Wilshire Blvd Temple is a private elementary school located approximately 0.2 miles away.
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