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$3,100,000

Est. payment - /mo

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7,366 SqFt

Price Dropped by $1.0M

951 W 223rd ST Torrance, CA 90502

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In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/25/2024 10:03 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 7,366 sqft

Price per Sqft $420

MLS Listing ID SB24213463

HOA Y/N No

Year Built 1954

Lot Size 0.892 Acres

Acres 0.8922

Property Description

Major price reduction from $105 per square feet to $79.00 per square feet. Owner wants to see offers. Priced competitively for sale.

Two parcels of industrial zoned land total of .89 acres with overlay which provides for high density housing development available for sale. Parcel one has address of 951 W 223rd Street Torrance PO. and is approx. 15,920 square feet. Parcel 2 is located at 22209 S. Vermont Ave. not visible from Vermont Street. and is approx. 22,946 square feet.

The major benefit is upside potential for higher and best use development. One block South of Harbor UCLA 1.7 billion dollar expansion/replacement project. Adjacent to many new townhomes and also new apartment building developments. Huge potential upside for developer given the zoning and also the demand which will be created from the Harbor UCLA expansion.

Please do not walk the site. Contact agent for video tour of the site.

Location

State CA

County Los Angeles

Area 123 - County Strip

Zoning M1

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Fence Chain Link

Utilities Available Electricity Available, Sewer Connected

Roof Type Asphalt

Building

Lot Description Rectangular Lot, Value In Land

Story 1

Water Public

Others

Tax ID 7344004021

Special Listing Condition Standard

Listed by Arnold Ng • Apex Commercial Real Estate • 3107149500

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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