Property Details
About this Property
Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 26,852 square feet presents a rare and refined opportunity. Situated in proximity to thriving offices, major freeways, and an expansive shopping center, its location embodies prime real estate desirability. What sets this offering apart is its remarkable potential for Residential Development. With the capacity to erect 31 units of market-rate housing as of right, or ingeniously leverage density bonuses to expand the project to a lavish 47 units, including provisions for affordable housing, the prospects for a lucrative return on investment are undeniable. Noteworthy are recent exemplars of success in the vicinity, such as the esteemed townhome communities along Western Avenue by Schiappa Homes and in North Torrance on 182nd Street by Lennar. In these developments and surrounding locales like Gardena & Harbor City, discerning buyers have eagerly embraced sophisticated living spaces, driving sales figures well beyond the $800,000 mark. Furthermore, the predominantly flat terrain of this parcel not only simplifies development logistics but also enhances the allure of investment potential. For those with a keen eye for opportunity and a penchant for sophisticated ventures, th
MLS Listing Information
MLS #
CRSB24115401
MLS Source
California Regional MLS
Days on Site
159
Lots & Land Information
Utilities
Other, Other
Parking, School, and Other Information
Water
Other
HOA Fee
$0
Zoning
LY
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
20320 Normandie Ave is in Torrance, CA 90502. This Land is currently priced at $3,500,000. This address can also be written as 20320 Normandie Ave, Torrance, CA 90502.
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This listing information is up-to-date as of August 02, 2024. For the most current information, please contact Amie Shepard
