20320 Normandie Avenue, Torrance, CA 90502
  • MLS#: SB24115401 ( )
  • Street Address: 20320 Normandie Avenue
  • Viewed: 2
  • Price: $3,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 157
  • Additional Information
  • County: LOS ANGELES
  • City: Torrance
  • Zipcode: 90502
  • Provided by: West Shores Realty, Inc.
  • Contact: Amie Amie
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Additional Parcels Description
  1. 7350-014-052
  2. 7350-014-054
Association Fee
  1. 0.00
Commoninterest
  1. None
Country
  1. US
Days On Market
  1. 116
Distancetowatercomments
  1. see remarks
Lot Features
  1. Lot 20000-39999 Sqft
Parcel Number
  1. 7350014053
Postalcodeplus4
  1. 1214
Utilities
  1. See Remarks
View
  1. Neighborhood
Water Source
  1. See Remarks
Zoning
  1. LCC3*