22209 S Vermont Ave - Industrial LAND FOR SALE


Torrance, CA 90502 38,768 SF
$3,100,000 USD
310-714-9500
22209 S Vermont Ave, Torrance, CA for Sale
$3,100,000 USD
Industrial LAND - FOR SALE
1/10
38,768 SF

22209 S Vermont Ave
Torrance, CA 90502


HIGHLIGHTS

  • M1 zoning in Unincorporated LA County with West Carson Transit Oriented Specific Plan with allows for expansive uses beyond M1
  • Location in close proximity to Harbor UCLA 1.7 billion dollar expansion plan due to be completed in 2027 which creates demand for housing
  • Front parcel at 951 West 223rd Street features 55 feet street frontage x 290 leading to rear parcel which is 200x115 feet, rectangular shaped

OVERVIEW

Major price reduction from $105.00 psf to only $79.00 per square feet or $3.1 million. Some income possible during the entitlement process, call broker for information. Owner wants to see offers.   Outstanding two parcel of industrial zoned land ready for redevelopment to higher and better uses. Front parcel has 55 feet visibility on 223rd street, rear parcel has rectangular dimensions of 200x115 feet for many possible future designs. Located 1 block South of UCLA Medical Center and surrounded by many new apartment and townhome developments, this location offers many advantages over other sites. A neighboring 99-unit 5 story apartment complex indicates a strong demand for housing in this submarket. The 1.7 billion dollar replacement expansion of Harbor UCLA Medical Center by 2027 one block North is certain to generate demand for housing from health care professionals. Per Los Angeles County Regional Planning, property is zoned M1, and with the West Carson Transit oriented specific plan allowing for many uses including mixed use development, commercial residential development and multi-family dwelling units the site is not limited to industrial only. See Table 3:13 on page 72 of the specific plan for permissible uses beyond M1.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/ACRE

$3,483,182/AC

PRICE/SF

$80 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

951 W 223rd Street

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.89 AC

LAND SF

38,768 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk, Telephone

ZONING

LA County M1

APN/PARCEL ID

7344-004-011,7344-004-021

ASK ABOUT THIS PROPERTY

Arnold NgApex Commercial Real EstateMore Info
310-714-9500

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Arnold NgApex Commercial Real EstateMore Info
310-714-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.