Torrance, CA90501
| MLS# IV26012214
Tract:
For Sale $920,000
Description
This LACM-zoned, unique property presents an excellent opportunity for a Builder or Developer to build-to-rent or sell residential condominium units utilizing the tri-level unit concept, or for commercial use. An outstanding feature of this property is its zoning, per the city of L.A. The City Planning Department has classified the zoning for this property as Commercial & Manufacturing LACM, which provides the Developer with an additional option to build a warehouse for storage, shipping, and receiving, along with offices on the second floor. This can be designed and constructed under the "Project By Right " without Planning Permission from the City of Los Angeles. The architect can guide the Developer through this process. 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, and gas meters, contact LADWP and the Gas Company. 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 and features a good-sized flat lot of 7,202 sq. ft., offering several options. Please verify all zoning, permits, and allowed usage for your plans. 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 with an excellent opportunity to collect rent while working with the City Offices on all the formalities for their new project. The location is perfect, close to San Pedro Port, as well as freeways 110, 105, 710, and 10, and major thoroughfares like Western Avenue, Crenshaw, and Hawthorne Boulevard—an excellent development opportunity for multi-family housing, for rent or sale. Also, please refer to MLS listing IV25120553.
Facts
| Built in | Lot Size: 7202.00 sqft | HOA Dues: $0/month
Features
Listing provided by RASHID HAKIM, SPARKLE REALTY
Based on information from California Regional Multiple Listing Service, Inc. as of January 17, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
