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$8,000,000
Est. payment /mo
1.1 Acres Lot
UPDATED:
09/30/2024 06:51 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24065579
HOA Y/N No
Lot Size 1.097 Acres
Property Description
Attention Developers!! 1.1acre land is on Lomita Blvd., in the city of Lomita with approximately 290 feet of frontage. Zoning LOCG or mixed use (check with the city). This property is ideal for development. This land is about1.1 acres and currently has 8-unit apartment (4 units of which are vacant), and a retail lawn mower shop with an adjoining X-space parking lot. The existing buildings can be rented for income as-is,or redevelopment.
This may be great opportunity to develop both commercial and residential projects. It is close to Torrance Municipal Airport, Crossroad Shopping Center and Torrance Memorial Medical Hospital. There are 5 APN#s, 7376-011-007,008,018,019,032. Currently, there is $7,170 rental income from apartment.
Lawn mower shop would be vacated at the end of escrow.
This may be great opportunity to develop both commercial and residential projects. It is close to Torrance Municipal Airport, Crossroad Shopping Center and Torrance Memorial Medical Hospital. There are 5 APN#s, 7376-011-007,008,018,019,032. Currently, there is $7,170 rental income from apartment.
Lawn mower shop would be vacated at the end of escrow.
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LOCG
Interior
Fireplace No
Exterior
Community Features Suburban, Urban
View Y/N No
View None
Building
Lot Description 11-15 Units/Acre, Lot Over 40000 Sqft
Water Public
New Construction No
Others
Senior Community No
Tax ID 7376011007
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Jong Lee • Bow Tie Realty & Investment • 310-381-9905