Residential Land for Sale in Torrance, California

20320 Normandie Ave Torrance, CA 90502

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$3,500,000
0.62 acres
Active sale$500k dropEst $25,086/mo

Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 28,852 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.

Directions

Normandie Avenue & Del Amo Blvd.

Property details

Coordinates
33.8459, -118.2989
Zoning
LCC3*
Elevation
43 feet
MLS Number
MRMLS SB24115401
Date Posted

Parcels

  • 7350014053

This 0.62-acre property is located at 20320 Normandie Ave in Torrance, CA 90502 with latitude 33.8459 and longitude -118.2989. The property is currently available for sale for $3,500,000 with a price per acre of $5,681,818. Listing data is sourced from California Regional Multiple Listing Service # SB24115401.

Verify sale details at the property source or contact West Shores Realty at (310) 541-8000.

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Copyright (C) 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 1 hour ago. Parcel data by Regrid.

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