20320 Normandie,
Home For Sale
Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 26,852 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.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90502
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- MLS® #:
- SB24115401
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- Square Ft:
- 26,852
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- Lot Size:
- 0.62
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- Neighborhood:
- TORRANCE (90502)
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Listing information last updated on July 2nd, 2024 at 6:17pm PDT.