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20320 Normandie Avenue

Torrance, CA 90502

PRICE REDUCED

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-$500,000 (-12.50%)

$3,500,000

List Price

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Property Description

Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 26,852 square feet presents a rare and refined opportunity. Situated in proximity to thriving offices, major freeways, and an expansive shopping center, its location embodies prime real estate desirability. What sets this offering apart is its remarkable potential for Residential Development. With the capacity to erect 31 units of market-rate housing as of right, or ingeniously leverage density bonuses to expand the project to a lavish 47 units, including provisions for affordable housing, the prospects for a lucrative return on investment are undeniable. Noteworthy are recent exemplars of success in the vicinity, such as the esteemed townhome communities along Western Avenue by Schiappa Homes and in North Torrance on 182nd Street by Lennar. In these developments and surrounding locales like Gardena & Harbor City, discerning buyers have eagerly embraced sophisticated living spaces, driving sales figures well beyond the $800,000 mark. Furthermore, the predominantly flat terrain of this parcel not only simplifies development logistics but also enhances the allure of investment potential. For those with a keen eye for opportunity and a penchant for sophisticated ventures, this offering beckons as a beacon of potential prosperity. For further insights into this distinguished opportunity, we invite you to engage with us at your earliest convenience.

Listing Information

List Price $3,500,000
Status Active
MLS SB24115401
HOA $0
Type Land
Lot Size 26,852
Structure Size N/A
DOM 62
Courtesy Of West Shores Realty, Inc.
Listing Agent Amie Shepard DRE#01882892

Interior Features

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Exterior Information

Maps

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$17,500/month

king_bed N/A
shower N/A
straighten N/A
straighten 26,852
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Torrance, CA 90502
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straighten N/A
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king_bed N/A
shower N/A
straighten N/A
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king_bed 1
shower 2
straighten 700
straighten N/A
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Listing information courtesy of: Amie Shepard, West Shores Realty, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 2nd, 2024 at 1:41 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.