$1,550,000
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.
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Listed by Kristi Ramirez Knowles with Compass (310) 241-3038
Property Type
Land
Status
Active
MLS Number
SB26041748
Year Built
N/A
Lot Size
0.47 acres