DEVELOPERS DREAM- 2027 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. 2027 Colby Ave. is a 12,204 sq. ft. parcel with an existing single-family residence that is 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 is set to close operations in July of 2024. The other portfolio addresses are: 2007 Colby Ave., 2026 Colby Ave., 2031 Colby Ave., 2035 Colby Ave., 2045 Colby Ave., 2020 Federal Ave., 2020 Colby Ave., and 2024 Federal Ave. Can be sold separately! Rarely does a piece of residential land (LAR2) of this magnitude come along in one of Los Angeles’ hottest westside neighborhoods. There have been many recent new construction “two-on-a-lot” developments in the immediate vicinity. However, given the size of the contiguous properties, a developer should also be able to obtain bonus density and build many 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 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 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
Property Information:
Year Built: 1905
Stories: 1
Living Area: 1,843 SqFt
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 880-0132
Listing Agent: Martin Ensbury
Interior Features
Interior Information:
Interior: All Bedrooms Down
Fireplace: None
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Driveway, Garage
Lot Features
Lot Information:
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Cooling: None
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: $3,295,000
Price Per SqFt: $1,788/SqFt
Tax Information:
Annual Amount: $2,626
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.3M more than the Median Sold Price and $1.1K/SqFt more than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24075380
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 880-0132
Listing Agent: Martin Ensbury
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, 12:55:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$2,626
$169,588
2020
$2,551
$167,850
2019
$2,393
$164,560
2018
$2,345
$161,335
2017
$2,345
$158,173
History based on county public records data.
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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
6
/10
Nora Sterry Elementary School
1730 Corinth Ave
Distance between this listing and this school0.44 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.64 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school15.20 miles
Public Magnet Grades 1-5
Middle School
4
/10
Daniel Webster Middle School
11330 Graham Pl
Distance between this listing and this school0.90 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.90 miles
Public District Grades 6-8
High School
5
/10
University Senior High School
11800 Texas Ave
Distance between this listing and this school0.94 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school11.05 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school13.46 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Nora Sterry Elementary School
1730 Corinth Ave
Distance between this listing and this school0.44 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school6.64 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school15.20 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Daniel Webster Middle School
11330 Graham Pl
Distance between this listing and this school0.90 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school12.90 miles
Public District Grades 6-8
Nearby Schools
6
/10
Ralph Waldo Emerson Middle School
1650 Selby Ave
Distance between this listing and this school1.29 miles
Public District Grades 6-8
Assigned Schools
5
/10
University Senior High School
11800 Texas Ave
Distance between this listing and this school0.94 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school11.05 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school13.46 miles
The neighbors living near this home have an average income of $72,860. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2027 Colby Ave
What is the listing price of this property?
The listing price of 2027 Colby Ave property is $3,295,000.
What type of property is this?
The property 2027 Colby Ave is a house located in Los Angeles, California, 90025.
Is this property for sale now?
Active Listing: 2027 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 2027 Colby Ave are: Nora Sterry Elementary School: GreatSchools Rating 6/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Daniel Webster Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10University Senior High School: GreatSchools Rating 5/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,626 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 2027 Colby Ave has 3 bedrooms and 4 bathrooms.
What is the square footage of this property?
The property 2027 Colby Ave is 1,843 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2027 Colby Ave is 1905.
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This home is located at 2027 Colby Ave in Los Angeles, CA and zip code 90025 in the Sawtelle neighborhood. This 1,843 square foot home, which was built in 1905, sits on a 0.28 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $3,295,000.
In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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. 
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