GUIDE SoCal
socal@guiderealestate.com2007 Colby AVE Los Angeles, CA 90025
0.36 Acres Lot
UPDATED:
09/30/2024 06:46 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24074875
HOA Y/N No
Lot Size 0.360 Acres
Acres 0.3604
Property Description
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. 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 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
Interior
Fireplace No
Exterior
Community Features Curbs, Storm Drain(s), Sidewalks, Urban
Utilities Available Electricity Available, Sewer Connected
View Y/N Yes
View City Lights
Building
Lot Description 0-1 Unit/Acre, Agricultural, Level, Near Public Transit, Value In Land
Water Public
New Construction No
Others
Senior Community No
Tax ID 4261037001
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
GUIDE SoCal
Broker | License ID: DRE#01976964