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.
The income description goes here to explain
| List Price | $920,000 |
| Property Type | Lots/Land |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7347016022 |
| MLS # | IV26012214 |
| Property ID | 322515852 |
| Lot Sqft | 7,202 |
| Zoning | Commercial |
| Days on Market | 16 |
| Original List Price | $920,000 |
| Date Updated | January 17, 2026 |
| Date Created | January 17, 2026 |
RASHID HAKIM an agent of . Lic #01223309
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 17, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT