20320 Normandie AveTorrance, CA 90502

This exceptional 26,852 square foot land parcel in Torrance, California, presents a compelling development opportunity. Located in Los Angeles County, zip code 90502, at 20320 Normandie Avenue, this property is zoned C3* and offers significant potential for both commercial and residential development. The site allows for the construction of 31 market-rate units as of right, with the possibility of increasing density to accommodate up to 47 units, including affordable housing options, through the utilization of density bonuses. Its prime location offers easy access to major freeways (91, 405, and 110), thriving commercial centers, and high-rise office buildings. The predominantly flat terrain simplifies development, and the area's recent success with similar projects, including townhome communities exceeding $800,000 per unit, demonstrates strong market demand. This property is offered at $3,600,000 and represents a rare chance to capitalize on the burgeoning Torrance real estate market. The adjacent major shopping plaza further enhances the desirability and potential for a high return on investment. This is a unique opportunity for developers seeking a prime location with significant upside potential. The property's proximity to major transportation arteries and established commercial areas makes it an ideal location for a mixed-use development or a large-scale residential project.