7,200 Sqft Lot
7,200 Sqft Lot
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25120553
HOA Y/N No
Year Built 1954
Lot Size 7,200 Sqft
Property Sub-Type Special Purpose
Property Description
The other dynamic project that can be developed, according to the City Planning Department, is a residential complex with 2, 3, 4, or more units. Consult with the LAHD for requirements. For separate water, sewer, electric meters, and gas lines, contact LADWP and the Gas Co.
This redevelopment opportunity is located in the rapidly gentrifying areas of Torrance and the South Bay, featuring new housing, entertainment, restaurants, and expanding business opportunities. The property is zoned LACM, with a good-sized flat lot of 7,202 sq. ft., offering several options. Please verify all zoning, permits, and allowed usage for your plans with the L.A. City Planning Department.
The current structure is an SFR with two bedrooms and one bathroom, a professionally managed and maintained unit. The property was recently upgraded. This provides the Developer an excellent opportunity to collect rent while working with the City Offices on all the formalities towards their new project. The location is perfect, close to San Pedro Port, as well as freeways 110, 105, 710, and 10—also, major thoroughfares like Western Avenue, Crenshaw, and Hawthorne Boulevard.
Location
State CA
County Los Angeles
Area 131 - West Torrance
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Fence Cross Fenced, Fair Condition
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Phone Available
Present Use Residential,Single Family
Total Parking Spaces 3
Building
Lot Description 0-1 Unit/Acre, Level, Rectangular Lot, Yard
Story 1
Water Public
Others
Tax ID 7347016022
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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39899 Balentine Dr, Suite 200, Newark, California, 94560, USA