951 223Rd StTorrance, CA 90502

Property Details for 951 223Rd St

Year built

1954

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

3,688 SF

Zone code

LCM1*

Property type

Specialty properties

Property subtype

Other specialty properties

APN

7344-004-021

APU

7344004021

Description

This exceptional 0.89-acre industrial property in Torrance, CA, presents a compelling investment opportunity. Comprising two parcels (951 W 223rd Street and 22209 S. Vermont Ave.), the land totals 7,366 square feet and offers significant upside potential. Parcel one, located at 951 W 223rd Street, encompasses approximately 15,920 square feet, while Parcel two, situated at 22209 S. Vermont Ave. (not visible from Vermont Street), covers approximately 22,946 square feet. Both parcels are zoned for industrial use with an overlay permitting high-density housing development. The property benefits from its strategic location, just one block south of the $1.7 billion Harbor UCLA expansion/replacement project. This proximity to a major development project, coupled with the surrounding construction of new townhomes and apartment buildings, creates substantial demand and significant potential for future development. The asking price has been significantly reduced to $3,100,000, reflecting a price per square foot of $79.00 (previously $105.00). The owner is actively seeking offers. Please note that site visits are discouraged

• Alternative Use

  Use

  Valuation

  Residential

  $1,219,039

  Hospitality

  $1,116,633

  Educational

  $929,026

  Medical

  $960,976

  Retail

  $1,445,151

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.825

Longitude

-118.292

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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