20320 Normandie Avenue, Torrance
Torrance 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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- City:
- Torrance
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- County:
- Los Angeles
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- Zip:
- 90502
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- MLS® #:
- SB24115401
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- Lot Size:
- 0.62
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- HOA Dues:
- $
Price Change History for 20320 Normandie Avenue, Torrance, (MLS® #SB24115401)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $4,000,000) | $3,500,000 | $500,000 (12.50%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 2nd, 2024 at 4:21pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.