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$ 925,000
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1617 W 228th ST Torrance, CA 90501
7,200 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25120553
HOA Y/N No
Year Built 1954
Lot Size 7,200 Sqft
Property Sub-Type Special Purpose
Property Description
This wonderful, 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 commercial use. An outstanding feature of this property is its zoning; per the L.A. 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 architecture 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 meters, and gas lines, contact LADWP and the Gas Co.
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 with the L.A. City Planning Department.
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.
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 meters, and gas lines, contact LADWP and the Gas Co.
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 with the L.A. City Planning Department.
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.
Location
State CA
County Los Angeles
Area 131 - West Torrance
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Fence Cross Fenced, Fair Condition
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Phone Available
Present Use Residential,Single Family
Total Parking Spaces 3
Building
Lot Description 0-1 Unit/Acre, Level, Rectangular Lot, Yard
Story 1
Water Public
Others
Tax ID 7347016022
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by RASHID HAKIM • SPARKLE REALTY • [email protected]