13 days on rocket

2007 Colby Ave, Los Angeles, CA, 90025

$4,240,000

0.36 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewCity Lights
MLS #SB24074875
Lot Size0.36 Acres
StatusActive

About 2007 Colby Ave

DEVELOPERS DREAM- 2007 Colby Ave. is a corner lot and 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. 2007 Colby Ave. is a 15,699 sq. ft. parcel 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 in July of 2024. The other properties included in this portfolio are: 2026 Colby Ave., 2027 Colby Ave., 2031 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. 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.

Property Details

Property Features

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 880-0132
  • Listing Agent: Martin Ensbury

Exterior Features

Exterior Information:

  • View: City Lights

Lot Features

Lot Information:

  • Lot: Agricultural, Level, Near Public Transit
  • Lot Size: 0.36 Acres

School Info

Assigned Schools Information:

  • University Senior High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Webster Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Nora Sterry Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Colby Ave, South of La Grange Ave., and North of Mississippi Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,240,000
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

2007 Colby Ave vs Los Angeles

13 DAYS ON ROCKET

-21 Days

$4,240,000

+$3.2M More

KEY TAKEAWAY

This property is $3.2M more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24074875

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 880-0132
  • Listing Agent: Martin Ensbury

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 3:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$21.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$12.7K

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3482044
6
/10

  • Nora Sterry Elementary School

  • 1730 Corinth Ave

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-3482045
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 6.61 miles

  • Public Magnet Grades KG-6

school-card-donut-3482046
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 15.18 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-3482047
4
/10

  • Daniel Webster Middle School

  • 11330 Graham Pl

  • 0.92 miles

  • Public District Grades 6-8

school-card-donut-3482048
4
/10

  • Studio

  • 2211 W Avenue 30

  • 12.87 miles

  • Public District Grades 6-8

High School

school-card-donut-3482049
5
/10

  • University Senior High School

  • 11800 Texas Ave

  • 0.92 miles

  • Public Magnet Grades 9-12

school-card-donut-3482050
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 11.00 miles

  • Public Magnet Grades 9-12

school-card-donut-3482051
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 13.45 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,860. Most Los Angeles, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2007 Colby Ave

What is the listing price of this property?

The listing price of 2007 Colby Ave property is $4,240,000.

What type of property is this?

The property 2007 Colby Ave is land located in Los Angeles, California, 90025.

Is this property for sale now?

Active Listing: 2007 Colby Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2007 Colby Ave are:
Nora Sterry Elementary School: GreatSchools Rating 6/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Daniel Webster Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
University Senior High School: GreatSchools Rating 5/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

How much acreage is this property?

The property 2007 Colby Ave is 0.36 acres.
Rocket Homes logo

Interested in 2007 Colby Ave? Let's connect.

Contact Us

(855) 200-2001

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.

Rocket Homes›California›Los Angeles County›Los Angeles›90025›2007 Colby Ave

This home is located at 2007 Colby Ave in Los Angeles, CA and zip code 90025 in the Sawtelle neighborhood. This home sits on a 0.36 acre lot. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $4,240,000.

Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. Between February 2024 and March 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 10.8%. In March 2024 median list price was $975,970 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources