Thank you
Jong Lee
Bow Tie Realty & Investment
310-381-9905
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.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.0975
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 47805
Original List Price: 8,000,000
Listing Contract Date: 2024-04-03
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7376011007
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 121 - Lomita
Postal Code Plus 4: 9001
Directions: South of Lomita Blvd and East of Pennsylvania Ave
Zoning: LOCG
Source Property Type: Land
Area: 121 - Lomita
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2114 253rd Place, Lomita, CA,90717 | $750,000 | -- | -- | -- | 6910 Sqft |
2110 253rd Place, Lomita, CA,90717 | $855,000 | 3 | 2 | 2,150 | 6910 Sqft |
26366 Hillcrest Avenue, Lomita, CA,90717 | $679,900 | 2 | 1 | 820 | 7837 Sqft |
25367 Andreo Avenue, Lomita, CA,90717 | $1,950,000 | 7 | 5 | 3,030 | 8199 Sqft |
25907 Oak Street, Lomita, CA,90717 | $9,100,000 | -- | -- | 23,312 | 41382 Sqft |
2045 264th Street, Lomita, CA,90717 | $1,299,900 | 5 | 3 | 2,547 | 8076 Sqft |
25333 Oak Street, Lomita, CA,90717 | $825,000 | -- | -- | -- | 6910 Sqft |
25719 Walnut Street, Lomita, CA,90717 | $1,165,000 | -- | -- | 2,954 | 5331 Sqft |
26116 Regent Avenue, Lomita, CA,90717 | $795,000 | 2 | 1 | 832 | 3987 Sqft |
2081 261st Street, Lomita, CA,90717 | $768,000 | 3 | 1 | 1,418 | 5760 Sqft |
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ByOwner last updated this listing 05/02/2024 @ 10:47
MLS: PW24065579
LISTED BY: Jong Lee, Bow Tie Realty & Investment
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.