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 J
2027 Colby Avenue, Los Angeles Property Listing: MLS® #SB24075380 Close