1870 W 218th Street, Torrance, 90501

NEWResidential Income For Sale

$2,650,000

Beds
Baths
27,334Sqft
.51Acres
1939Built
7DOM
MLS® #: SB20008764
Active, 7 Days on Market

1870 W 218th St and 1745-1747 Border Ave is an exciting development opportunity located in the heart of Old Town Torrance. The property currently consists of four (4) 1-bed/1-bath units situated on a 9,606 SF lot, 2,280 SF of office space situated on a 6,273 SF lot, and a 6,274 SF parking lot. The owners have started the entitlement process to build twenty-two (22) new apartment units along with 1,314 SF of office space.  The unit mix for the proposed development plan is to build six (6) 1-bed/1-bath units, ten (10) 2-bed/1-bath units, and six (6) 2-bed/2-bath units. The plan also includes twenty-two (22) on-site parking spaces that will generate an estimated $4,500 a year in additional income.

Essential Information

MLS® #: SB20008764
Price: $2,650,000
Square Footage: 27,334
Acres: 0.51
Year Built: 1939
Type: Residential Income
Status: Active

Community Information

Address: 1870 W 218th Street
City: Torrance
County: Los Angeles
State: CA
Zip Code: 90501

Amenities

Parking Spaces: 22

Exterior

Lot Description: Front Yard, Lawn

Additional Information

Date Listed: January 14th, 2020
Days on Market: 7
Zoning: TOMR-OF

Listing Details

Listing Agent: Brett Lyon(01717818)
Listing Office: Lyon Stahl Investment Real Estate, Inc.

Financials

$/SqFt: $97

Welcome to this 0 bedroom 0 bath Residential Income in the Old Torrance (134) section of Torrance located at 1870 W 218th Street built in 1939. It is 0 square feet and the current asking price is $ 2,650,000.

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Based on information from California Regional Multiple Listing Service, Inc. as of January 22nd, 2020 at 9:22am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.