1900 Holmby Avenue, Los Angeles
$2,295,000 - 2 Beds, 2 BathsMLS® # 24366218
Omid Shokoufandeh SHK Realty
2020 Colby Avenue, Los Angeles
$2,805,000
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2 Beds
1 Bath
672 Sqft
¼ Acre
2 Garages
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.
Essential Information
- MLS® #
- SB24075785
- Price
- $2,805,000
- Bedrooms
- 2
- Bathrooms
- 1.00
- Full Baths
- 1
- Square Footage
- 672
- Acres
- 0.25
- Year Built
- 1923
- Type
- Residential
- Sub-Type
- Single Family Residence
- Status
- Active
Community Information
- Address
- 2020 Colby Avenue
- Area
- WLA - West Los Angeles
- City
- Los Angeles
- County
- Los Angeles
- Zip Code
- 90025
- Senior Community
- N
Community Features
Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban
Amenities
- Parking Spaces
- 2
- # of Garages
- 2
- View
- City Lights, Neighborhood
- Pool
- None
Interior
- Interior Features
- All Bedrooms Down
- Heating
- Central
- Cooling
- None
- Fireplaces
- None
- # of Stories
- 1
- Stories
- One
Lot Description
0-1 Unit/Acre, Street Level, Value In Land
School Information
- District
- Los Angeles Unified
Additional Information
- Date Listed
- April 16th, 2024
- Days on Market
- 29
- Zoning
- LAR2
Listing Details
- Agent
- Martin Ensbury
Office
Lyon Stahl Investment Real Estate, Inc.
LISTING MAP
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Buyer's Agent
Listing Agent
Martin Ensbury - Lyon Stahl Investment Real Estate, Inc.Based on information from California Regional Multiple Listing Service, Inc. as of May 15th, 2024 at 9:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.