• Units
• Unknown Sq Ft
• 7,202 Sq Ft
• Unknown Cap Rate

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 L.A. City Planning Department it 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, 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.



 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. Excellent development opportunity for multi-family housing, for rent or sale. Please call to schedule an appointment.