Property listed by Century 21 Masters, Chieh-Jen Ma [email protected]
1509 W 208th Street
Torrance, CA 90501
Acres
0.17
$1,198,000
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’… Read More 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. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of 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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