958 W 222nd St - Multi-Family FOR SALE


Torrance, CA 90502
$1,200,000 USD
310-259-7556
958 W 222nd St, Torrance, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/16
null | Request Cap Rate

958 W 222nd St
Torrance, CA 90502


HIGHLIGHTS

  • $1,200,000 incredible asking price of only $69 per foot
  • Approx. 17,452 SF lot - Rare find in Torrance
  • Priced below local comparable land sales
  • Specific Plan West Carson R-4 zoning
  • Feasibility study estimates 19–57 units
  • No FAR restriction noted in feasibility study

OVERVIEW

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 50–150 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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

2

PRICE/UNIT

$600,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,452 SF

ZONING

Specific Plan

APN/PARCEL ID

7344-004-010

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.