20320 Normandie Avenue, Torrance, CA 90502 (MLS # SB24115401)
Twitter
Facebook
Email
|
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, this offering beckons as a beacon of potential prosperity. For further insights into this distinguished opportunity, we invite you to engage with us at your earliest convenience.
| DAYS ON MARKET | 88 | LAST UPDATED | 8/1/2024 |
|---|---|---|---|
| COMMUNITY | County Strip | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| PRICE HISTORY | |
| Prior to Aug 1, '24 | $4,000,000 |
|---|---|
| Aug 1, '24 - Today | $3,500,000 |
| ADDITIONAL DETAILS | |
| AREA | County Strip |
|---|---|
| HOA DUES | 0 |
| LOT | 0.62 acre(s) |
| UTILITIES | See Remarks |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | See Remarks |
| ZONING | LCC3* |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Based on information from CRMLS as of 9/7/24 7:24 PM PDT. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. 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. Properties may or may not be listed by the office/agent presenting the information.
This IDX solution is (c) Diverse Solutions 2024.