1617 W 228th Street
Torrance, CA 90501
0.17 acres | #IV25120553
Description
This unique property presents an excellent opportunity for a Builder or Developer to build to rent or sell condominium units utilizing the tri-level unit concept. An outstanding feature of this property is its zoning, which would also allow the developer an additional option to build a warehouse for storage, shipping, and receiving, with offices on the second floor.
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 lot of 7,202 sq. ft., offering several options. Please verify all zoning, permits, and allowed usage for your plans with the 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.
Property Details
- Utility FeaturesCableAvailable, ElectricityAvailable, NaturalGasConnected, PhoneAvailable
- Lot DescriptionZeroToOneUnitAcre, Level, RectangularLot, Yard
- Property SubtypeSpecialPurpose
- CountyLos Angeles
- MLS #IV25120553
- MLS #IV25120553
- Property TypePurchase
- Original List Price$925,000
- Acres0.1653
- Utility SourcePublic
- Cost925000
- Year Built1954
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: RASHID HAKIMÂ (#IRASHID)
Listing Office: SPARKLE REALTY (#ISPAR)
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