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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$1,200,000

Est. payment - /mo

5 Beds

3 Baths

0.4 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26103413

Bedrooms 5

Lot Size 0.401 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

958 W 222nd St offers a compelling development opportunity in the West Carson/Torrance PO area, positioned on a deep 17,452 SF lot with existing 2-unit improvements and Specific Plan zoning. The property is offered at $1,200,000, or approximately $68.76/SF of land, pricing the site below local comparable land sales and giving developers an attractive basis to work through design, entitlement, and construction planning. While the full depth may not be efficiently developable all the way to the rear, that is already reflected in the price-per-foot. The rear portion can potentially be used for parking, circulation, open space, landscaping, or a communal resident amenity area, giving the site added utility beyond the main building envelope. The feasibility study identifies the site as Specific Plan West Carson R-4, with a density range of approximately 50150 units per acre, translating to an estimated 19 to 57 units before final design, entitlement, parking, and site planning review. Development is noted as not restricted by FAR, with height limited to 4 stories / 50 feet. The surrounding area is also seeing meaningful investment, including a large development project immediately next door, supporting the long-term story for the location and future housing demand. Property currently consists of 2 units which will be delivered fully vacant at close of escrow which also provides a great land banking opportunity for an owner user. Current units are livable but are for a value-add investor as current condition would need updating and is not move in ready.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 110 FWY to Sepulveda Blvd exit, west on Sepulveda Blvd, south on Vermont Ave, west on W 222nd St to property

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 7344004010

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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958 W 222nd Torrance, CA 90502

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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