13 days on rocket

2031 Colby Ave, Los Angeles, CA, 90025

$1,650,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath
890 SqFt
$1,854/SqFt
House
Schools Nearby

Location

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2031 Colby Ave, Los Angeles$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1922
HeatingCentral
CoolingNone
FireplaceNone
ViewCity Lights, Neighborhood
MLS #SB24075384
Lot Size0.14 Acres
StatusActive

About 2031 Colby Ave

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. Property can be sold separately! 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.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1
  • Living Area: 890 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: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights, Neighborhood

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • 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: $1,650,000
  • Price Per SqFt: $1,854/SqFt

Tax Information:

  • Annual Amount: $1,039
  • Tax Year: 2021
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Housing Market Comparison

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

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

2031 Colby Ave vs Los Angeles

13 DAYS ON ROCKET

-21 Days

$1,650,000

+$674K More

$1,854/SqFt

+$1.2K More

KEY TAKEAWAY

This property is $674K more than the Median Sold Price and $1.2K/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: #SB24075384

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, 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

YEARPROP. TAXASSESSMENT
2021$1,039$62,678
2020$1,009$62,036
2019$956$60,820
2018$938$59,629
2017$938$58,461

History based on county public records data.

Payment Calculator

$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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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

school-card-donut-3455553
6
/10

  • Nora Sterry Elementary School

  • 1730 Corinth Ave

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-3455554
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 6.64 miles

  • Public Magnet Grades KG-6

school-card-donut-3455555
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 15.22 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-3455556
4
/10

  • Daniel Webster Middle School

  • 11330 Graham Pl

  • 0.89 miles

  • Public District Grades 6-8

school-card-donut-3455557
4
/10

  • Studio

  • 2211 W Avenue 30

  • 12.89 miles

  • Public District Grades 6-8

High School

school-card-donut-3455558
5
/10

  • University Senior High School

  • 11800 Texas Ave

  • 0.95 miles

  • Public Magnet Grades 9-12

school-card-donut-3455559
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 11.06 miles

  • Public Magnet Grades 9-12

school-card-donut-3455560
8
/10

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

  • 456 S Mathews St

  • 13.46 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. Residents of Los Angeles, CA typically earn between $35k-100k each year. The most common type of family is 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 2031 Colby Ave

What is the listing price of this property?

The listing price of 2031 Colby Ave property is $1,650,000.

What type of property is this?

The property 2031 Colby Ave is a house located in Los Angeles, California, 90025.

Is this property for sale now?

Active Listing: 2031 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 2031 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

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,039 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2031 Colby Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 2031 Colby Ave is 890 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2031 Colby Ave is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90025›2031 Colby Ave

This home is located at 2031 Colby Ave in Los Angeles, CA and zip code 90025 in the Sawtelle neighborhood. This 890 square foot home, which was built in 1922, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $1,650,000.

In March 2024 more than 628 listings in Los Angeles, CA were sold above the asking price. During the same period more than 196 listings were sold at asking price, while more than 579 were sold below. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.

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

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