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2316-2326 Torrance Blvd
0.41 Acres of Commercial Land Offered at $2,100,000 in Torrance, CA 90501
Investment Highlights
- The property is well positioned on Beach Cities connecting Torrance Blvd. at the SEC of Torrance Blvd & Madrid Ave. (±34,000 VPD)
- The former Auto Repair (lifts have been removed) and adjacent Branch Office Bar/Restaurant property will be delivered vacant at time of sale.
- The property abuts only one residential property (4-Plex) and alley separated small SCE substation allowing for reduced / minimal setbacks
- C-1 Zoning allows for a wide range of Commercial uses as well as Multi-Residential / Senior Living uses (CUP Permitting)
- Seller may consider entitlement contingency timing subject to deal terms and scope/size of redevelopment.
Executive Summary
C-1 Zoning allows for a wide range of Commercial uses as well as Multi-Residential / Senior Living uses (CUP Permitting).
The former Auto Repair (lifts have been removed) and adjacent former Branch Office Bar/Restaurant property will be delivered vacant at time of sale - allowing for multiple Value-Add/Redevelopment scenarios. Seller may consider entitlement contingency timing subject to deal terms and scope/size of redevelopment.
-The property abuts only one residential property (4-Plex) and alley separated small SCE substation allowing for reduced / minimal setbacks and other more beneficial development requirements.
-Adjacent SCE Substation on southeast side of rear alley may provide ease of access to multiple Megawatts for potential high electricity / E-Charging users which are permitted by right
Property Facts In Escrow
| Price | $2,100,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.41 AC |
| Price | $2,100,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.41 AC |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 0.41 AC |
| Price Per AC | $5,121,951 |
| Price | $2,100,000 |
| Price Per AC | $5,121,951 |
| Lot Size | 0.41 AC |
Value Add Redevelopment Opportunity This South Bay-Beach Cities commercial property (Former Auto Repair & Bar/Restaurant on 18,004 SF/Land) in -Torrance, CA (Los Angeles County) is an attractive Value Add or Redevelopment investment opportunity.
Description
Desirable South Bay Location Torrance Blvd is a major city / commuter thoroughfare with strong surrounding retail and employment center synergy including: Old Town Torrance (charming downtown with new & historic buildings and eateries) (0.8 Miles) Honda North America Corporate Headquarters (0.7-Miles) Direct access to 110 Fwy (7-Miles) Del Amo Fashion Center (2.5 M SF Mall – 5th largest in United States (1.7-Miles) Hospital and Urgent Care Services (1.1 miles or less)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $329,913 | |
| Land Assessment | $706,960 | Total Assessment | $1,036,873 |
PROPERTY TAXES
zoning
| Zoning Code | C1 (FLEXIBLE (C-1) COMMERCIAL ZONING (Residential w/CUP): Wide range of commercial uses as well as Drive-Thru, Multi-Unit Residential or Senior Living) |
| C1 (FLEXIBLE (C-1) COMMERCIAL ZONING (Residential w/CUP): Wide range of commercial uses as well as Drive-Thru, Multi-Unit Residential or Senior Living) |
Presented by
2316-2326 Torrance Blvd
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