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$ 1,550,000
Est. payment | /mo
0.47 Acres Lot
$ 1,550,000
Est. payment | /mo
0.47 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26041748
HOA Y/N No
Lot Size 0.473 Acres
Property Description
Exceptional infill development opportunity in the heart of Lomita, just outside Torrance and near Rolling Hills Country Club. This expansive 20,625 sq ft flat parcel is zoned R-2 (Medium Density Residential) and supports approximately 9 residential units (19.79 DU/acre) with a .60 FAR, allowing for roughly 12,375 buildable square feet.
The property is currently improved with a single-family structure; however, highest and best use is redevelopment. The lot features flat topography and substantial frontage, offering flexibility for townhomes or multi-unit residential design (buyer to verify all development standards including parking, setbacks, landscaping, and access requirements).
Strong redevelopment activity in the immediate area supports the opportunity. Nearby projects have successfully replaced single-family homes with multi-unit townhome developments, with resale values approaching the high $900,000s per unit.
Located minutes from Torrance, Palos Verdes, major employment centers, shopping, dining, and freeway access, this site benefits from strong end-buyer demand for new construction in the South Bay.
Opportunities of this size and zoning are increasingly rare. Bring your architect, contractor, and vision.
The property is currently improved with a single-family structure; however, highest and best use is redevelopment. The lot features flat topography and substantial frontage, offering flexibility for townhomes or multi-unit residential design (buyer to verify all development standards including parking, setbacks, landscaping, and access requirements).
Strong redevelopment activity in the immediate area supports the opportunity. Nearby projects have successfully replaced single-family homes with multi-unit townhome developments, with resale values approaching the high $900,000s per unit.
Located minutes from Torrance, Palos Verdes, major employment centers, shopping, dining, and freeway access, this site benefits from strong end-buyer demand for new construction in the South Bay.
Opportunities of this size and zoning are increasingly rare. Bring your architect, contractor, and vision.
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning R-2
Interior
Fireplace No
Exterior
Fence Block, Wood
Community Features Biking, Curbs, Dog Park, Golf, Gutter(s), Hiking, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Building
Lot Description 6-10 Units/Acre, Back Yard, Cul-De-Sac, Front Yard, Lawn, Rectangular Lot, Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7553001053
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Kristi Ramirez Knowles Compass 310-779-8890, DRE #02027403
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