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About the Listing 53010 - C32524
Unlock the full potential of the South Bay rental market with this exceptional multi-family development site located in the high-demand Harbor Gateway corridor. Spanning approximately 7,572.2 sq. ft., this level parcel is strategically zoned LARD 1.5 , [Q]RD1.5-1, offering a sophisticated canvas for developers looking to capitalize on Los Angeles’ aggressive housing incentives. This prime lot features a base density of 5 units (1 unit per 1,500 sq. ft. of lot area) with a Height District 1 designation allowing for structures up to 3 stories. Developers can explore the possibility of developing multiple high-yield configurations, including a 5-unit multi-family complex plus 2 detached ADUs, or a sleek collection of 5 modern townhomes. A standout feature of this site is its verified TOC Tier 1 eligibility, being located within a half-mile of a Major Transit Stop near Western Ave. While the base zoning typically allows for a 5-unit build, the Transit Oriented Communities program offers a pathway to potentially increase density to 7 total units. By leveraging these incentives—which may include a 35% density bonus and flexible parking requirements—a developer could significantly enhance the site's "highest and best use" and long-term yield. The location is unparalleled for long-term appreciation, situated minutes from the Harbor-UCLA Medical Center and major employment hubs, ensuring a consistent tenant base. Whether you are planning a modern townhome project or a high-performance apartment build, this shovel-ready opportunity provides the perfect blend of density, location, and legislative support to maximize your ROI. Agent please read private remarks.
Listing Highlights
Status
Active
Days on Site
43
Property Type
Vacant Land
MLS ®
CV26031435
Year Built
Total Square Footage
0
Lot/Acreage
0.17
County
Los Angeles
Area
122 - Harbor Gateway
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Zoning: LARD1.5
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7351012017
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
1509 W 208th St Torrance, CA 90501
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