1341 Plaza del Amo, Torrance, CA 90501

Great opportunity to build multi-family, townhomes or ED1 project. This property is zoned LARD2 (LA city/LADBS). This zoning allows for 21 units (13 units plus 8 ADUS per SB 1211) or build 13 townhomes. 3/2 1,800 sqft Townhomes that were built across the street are selling at $845,000 in todays market. This property is approx. 26,000 sqft (104 x 246), flat residential land. Owner had a feasibly report done allowing up to 197 units using ED1 density. This will need to be ED1 approved by the city. Buyer to verify with city and conduct their own due-diligence. South Bay has a strong rental market with an average rent of $3,800 for 3 bedroom apartments and $4,500 for the 4 bedroom units. Building a mixture of 3s and 4s bedroom can generate a building bringing in an estimated $996,000 in annual gross revenue. Great opportunity for real estate developers.