Homes for sale - 1617 W 228th ST, Torrance, CA 90501

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$925,000

Est. payment - /mo

7,200 Sqft Lot

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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, and gas meters, 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. Great development opportunity.

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

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Listed by RASHID HAKIM SPARKLE REALTY rhakimc21sparkle@gmail.com

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

1617 W 228th ST Torrance, CA 90501