2020 Federal Avenue
$9,885,000
36,601 / 0.84
Description
DEVELOPERS DREAM- 2020 Federal Ave. is the largest of 9 parcels included in the FK Nursery Development Portfolio. This parcel is almost an acre of LAR2 land running block to block from Colby to Federal! 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...DEVELOPERS DREAM- 2020 Federal Ave. is the largest of 9 parcels included in the FK Nursery Development Portfolio. This parcel is almost an acre of LAR2 land running block to block from Colby to Federal! 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. 2020 Federal Ave. is a 36,601 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 operations in July of 2024. The other properties included are: 2007 Colby Ave., 2026 Colby Ave., 2027 Colby Ave., 2031 Colby Ave., 2035 Colby Ave., 2045 Colby Ave., 2020 Colby Ave., and 2024 Federal Ave. Rarely does a piece of residential land 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 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. 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.
- Listed by Martin Ensbury • DRE #00815392 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-880-0132
- Listed by Michael Millea • DRE #01069014 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 2020 Federal Avenue
View
City Lights, Neighborhood
Lot Size SourceAssessor
Assessor Parcel Number4261-037-004
New ConstructionNo
PoolNo
ViewYes
AssociationNo
Association Fee$.00
LISTING UPDATED: 04/22/2024 02:17 AM
Property Details for 2020 Federal Avenue
Status | Active |
---|---|
MLS # | SB24075479 |
Days on Market | 156 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.84 AC |
County | Los Angeles County |
Building Information for 2020 Federal Avenue
Lot Size0.84 AC
Property Information for 2020 Federal Avenue
Property History for 2020 Federal Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2020 Federal Avenue
Taxable ValueLand$310,052Additions-Total$310,052
Tax Record2023$4,567 ($381 / month)
Home Facts
Beds2Stories1Lot Size36,601 SqFtStyleResidentialZoningLAR2CountyLOS ANGELESAPN4261-037-004
Schools near 2020 Federal Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 7 |
Rating | School | Distance |
---|---|---|
Nora Sterry Elementary School PublicK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
University Senior High School Charter Charter9 to 12 | ||
Citizens of the World Charter School Mar Vista CharterK to 7 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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