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    California Regional Multiple Listing Service

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

    $920,000
    For Sale

    1617 W 228th

    Torrance, CA 90501
    0.17 acres | #IV26012214
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    Listing OfficeSPARKLE REALTY
    1617 W 228th
    7 photos
    Type:Purchase
    Structure:Land
    Zone:Residential

    Description

    This LACM-zoned, unique property presents an excellent opportunity for a Builder or Developer to build-to-rent or sell residential condominium units utilizing the tri-level unit concept, or for commercial use. An outstanding feature of this property is its zoning, per the city of L.A. The City Planning Department has classified the zoning for this property as Commercial & Manufacturing LACM, which provides the Developer with an additional option to build a warehouse for storage, shipping, and receiving, along with offices on the second floor. This can be designed and constructed under the "Project By Right " without Planning Permission from the City of Los Angeles. The architect can guide the Developer through this process. The other dynamic project that can be developed, according to the City Planning Department, is a residential complex with 2, 3, 4, or more units. Consult with the LAHD for requirements. For separate water, sewer, electric, and gas meters, contact LADWP and the Gas Company. This redevelopment opportunity is located in the rapidly gentrifying areas of Torrance and the South Bay, featuring new housing, entertainment, restaurants, and expanding business opportunities. The property is zoned LACM and features a good-sized flat lot of 7,202 sq. ft., offering several options. Please verify all zoning, permits, and allowed usage for your plans. The current structure is an SFR with two bedrooms and one bathroom, a professionally managed and maintained unit. The property was recently upgraded. This provides the Developer with an excellent opportunity to collect rent while working with the City Offices on all the formalities for their new project. The location is perfect, close to San Pedro Port, as well as freeways 110, 105, 710, and 10, and major thoroughfares like Western Avenue, Crenshaw, and Hawthorne Boulevard—an excellent development opportunity for multi-family housing, for rent or sale. Also, please refer to MLS listing IV25120553.

    • Property Details
        • Lot DescriptionZeroToOneUnitAcre
        • CountyLos Angeles
        • MLS #IV26012214
        • MLS #IV26012214
        • Property TypePurchase
        • Original List Price$920,000
        • Cost920000.0
        • Acres0.1653
        • Utility SourcePublic
        • Property SubtypeLand
        • Hoa Fees0.0

    Location

    Legal

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

    Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

    Last Updated: Yesterday at 11:45 PM. Source: CRMLS

    Provided By
    Listing Agent: RASHID HAKIM (#IRASHID)
    Listing Office: SPARKLE REALTY (#ISPAR)

    Becky BondReal Estate Group
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