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1617 W 228th Street, Torrance, CA 90501
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$920,000
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Home Details for 1617 W 228th Street
Price
$920,000
Type
Commercial/Industrial
Year Build
1954
Lot Size
0.1653
County
Los Angeles
MLS®️ Listing#
IV25120553
On exitrealty.com
172 days
Property Description
This wonderful, LACM zone, unique property presents an excellent opportunity for a Builder or Developer to build to rent or sell residential condominium units utilizing the tri-level unit concept. Or for commercial use. An outstanding feature of this property is its zoning, per the L.A. City Planning Department has classified the zoning for this property as Commercial & Manufacturing LACM, which provides the Developer with an additional option to build a warehouse for storage, shipping, and receiving, along with offices on the second floor. This can be designed and constructed under the "Project By Right without Planning Permission from the City of Los Angeles. The architecture can guide the Developer through this process.
 The other dynamic project that can be developed, according to the City Planning Department, is a residential complex with 2, 3, 4, or more units. Consult with the LAHD for requirements. For separate water, sewer, electric, and gas meters, contact LADWP and the Gas Company.
 This redevelopment opportunity is located in the rapidly gentrifying areas of Torrance and the South Bay, featuring new housing, entertainment, restaurants, and expanding business opportunities. The property is zoned LACM, with a good-sized flat lot of 7,202 sq. ft., offering several options. Please verify all zoning, permits, and allowed usage for your plans.
 The current structure is an SFR with two bedrooms and one bathroom, a professionally managed and maintained unit. The property was recently upgraded. This provides the Developer an excellent opportunity to collect rent while working with the City Offices on all the formalities towards their new project. The location is perfect, close to San Pedro Port, as well as freeways 110, 105, 710, and 10—also, major thoroughfares like Western Avenue, Crenshaw, and Hawthorne Boulevard. Excellent development opportunity for multi-family housing, for rent or sale.
Property is now vacant, please call to schedule an appointment; Rashid @ M.909-354-1685
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- Utilities
- Cable Available
- Electricity Available
- Natural Gas Connected
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Listing Courtesy: SPARKLE REALTY - rhakimc21sparkle@gmail.com. Presented by: RASHID HAKIM
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-11-06 13:32:22 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.
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$920,000
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.