2020 Colby AVE Los Angeles, CA 90025
2 Beds
1 Bath
672 SqFt
UPDATED:
09/30/2024 06:46 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 672 sqft
Price per Sqft $4,174
MLS Listing ID SB24075785
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 0.252 Acres
Acres 0.2524
Property Description
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.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR2
Rooms
Main Level Bedrooms 2
Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup
Interior
Interior Features All Bedrooms Down
Laundry Location Electric Dryer Hookup,Gas Dryer Hookup
Heating Central
Cooling None
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban
View Y/N Yes
View City Lights, Neighborhood
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Street Level, Value In Land
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4261036036
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
