2020 Colby Avenue
Los Angeles, CA, 90025 $ 2,805,000
Bedrooms2 Baths1.0 Sq 672 Monthly Estimate*
$ 19,594
Listed by Lyon Stahl Investment Real Estate, Inc.
for $2,805,000 with 2 bedrooms and 1 full bath. This 672 square foot home was built in 1923 on a lot size of 0.2524.
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” 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 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 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.
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FeaturesGeneralInterior Features AllBedroomsDown
Sewer PublicSewer
Heating Central
Cooling None
Zoning LAR2
HOA 0.0
Garage Spaces 2.0
Pool Features None
Year Built 1923
View CityLights Neighborhood
Stories 1
Levels One
Property SubType SingleFamilyResidence
Community Features Curbs StormDrains StreetLights Sidewalks Urban
County Los Angeles
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage Y
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Colby Ave South of La Grange Ave. and North of Mississippi Ave
City Los Angeles
Entry Location Front
View Y/N Y
Senior Community Y/N N
High School District Los Angeles Unified
Total Units 1
MLS Area WLA - West Los Angeles
Lot Size Square Feet 10995.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Colby
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 6
Structure Type House
Standard Status Active
Occupancy Description Owner
Year Built Source Assessor
Tax Lot 12
Property Sub Type Additional SingleFamilyResidence
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ExteriorLot Features Item01UnitAcre StreetLevel ValueInLand
Water Source Public
Total Parking 2.0
Lot Size Area 10995.0
Spa N
Lot Size Acres 0.2524
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features None
Total Stories 1
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 1
Street Suffix Avenue
Laundry Features ElectricDryerHookup GasDryerHookup
Total Bedrooms 2
Entry Level 1
Electric On Property Y/N N
Main Level Bedrooms 2
Main Level Bathrooms 1
Total Baths 1
Living Area Units SquareFeet
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* Excluded FeaturesList ByLyon Stahl Investment Real Estate, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $19,594
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Los Angeles, CA
Average List Price $4,015,301
Percent of Sale Price 43%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/17/2024 | $2,805,000 | | Listed Price |