Martin Ensbury
This listing was posted on RealtyWW.
$1,650,000
Home For Sale In Los Angeles, California
Price:
$1,650,000
BR/BA:
2 BR, 1 BA
Location:
2031 Colby Ave, Los Angeles, CA
Description:
DEVELOPERS DREAM- 2031 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. 2031 Colby Ave. is a 6, 102 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., 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 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 between Federal Ave. and 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 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 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.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i70807362
Property Type:
Single-Family Houses
Posted:
April 18 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a Two Bedroom One Bath Single-Family Homes for Sale at 2031 Colby Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2031 Colby Ave by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a Two Bedroom One Bath Single-Family Homes for Sale at 2031 Colby Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2031 Colby Ave by searching Oodle Classifieds for Two Bedroom One Bath Single-Family Homes for Sale in Los Angeles CA.