7
See all 7 photos
$920,000
Est. payment /mo
7,202 Sqft Lot
New
1617 W 228th Torrance, CA 90501
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26012214
Lot Size 7,202 Sqft
Property Sub-Type Lots/Land
Property 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 ren
Location
State CA
County Los Angeles
Direction Western and 228th St
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 7347016022
Acceptable Financing Cash
Listing Terms Cash
Listed by RASHID HAKIM SPARKLE REALTY
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