1870 W 218th St;1745 -1747 Border Ave, Torrance, CA 90501

  • $2,650,000

Description

Lyon Stahl is pleased to present 1870 W 218th St; 1745-1747 Border Ave, an exciting development opportunity located in Torrance. This unique opportunity is ideally located in the heart of Old Town Torrance.

The property currently consists of four (4) 1-bed/1- bath units situated on a 9,606 SF lot, a 6,000 SF building situated on a 6,274 SF lot, and 2,280 SF vacant office space situated on a 6,273 SF lot. The property will be delivered fully entitled to build twenty-two (22) new apartment buildings along with 1,314 SF of office space. The future development site is entitled to build six (6) 1-bed/1- bath units, ten (10) 2-bed/1-bath units, and six (6) 2-bed/2-bath units. The plans also account for twenty-two (22) on-site parking spaces that will generate an estimated $4,500 a year in additional income.

Investment Highlights:
• Currently, Three (3) Separate Parcels Featuring a 4-Unit Property, 6,000 SF Building, and 2,280 SF of Vacant Office Space
• Huge Development Opportunity – Will Be Delivered Fully Entitled to Build 22 Units
• Prime Location – Heart of Old Town Torrance | Just South of 405 FWY Offering Convenient Access to LA’s Westside, Downtown LA, LAX, & Long Beach

Address

  • City Torrance
  • State/county CA
  • Country United States

Details

Updated on January 16, 2020 at 6:51 pm
  • Price: $2,650,000
  • Property Size: 9,424 Sq Ft
  • Land Area: 22,153 Sq Ft
  • Year Built: 1956
  • Property Type: Multifamily, Development Opportunity, Office
  • Property Status: Active

Overview

  • Multifamily, Development Opportunity, Office
  • Property Type
  • 9,424
  • Sq Ft
  • 1956
  • Year Built

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