Torrance, CA 90501,Address not disclosed

$930,000

Est. payment /mo

$899,000

3.4%
Est.Price: ?

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Address not disclosed Torrance, CA 90501

0.34 Acres Lot

SOLD DATE : 04/25/2014

Key Details

Sold Price $930,000

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CC332456

Sold Date 04/25/14

HOA Y/N No

Lot Size 0.340 Acres

Property Description

The subject property is a 14,703 square foot parcel in "Old Town" Torrance, improved with a church that was built in 1941 of woodframe and stucco materials. An addition was made in 1950 to provide for a Sunday school. The total building area is 6,415 square feet. It is zoned R-3 medium density multi-residential.

The city planning department stated that the maximum density allowed for this parcel is 9 units. There are requirements for parking and open space which could reduce the number of buildable units to 6, or some number in between depending on the size of the units. Maximum F.A.R. (Floor Area Ratio) is 0.60 times the lot size which equates to 8,821 total buildable square feet of living area. Based on the F.A.R. limitations it is more likely that the site is best suited for 6 units..

Location

State CA

County Los Angeles

Area 134 - Old Torrance

Zoning R3

Interior

Fireplace No

Others

Tax ID 7359001038

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Stephen Lampe • RE/MAX Commercial & Inv Realty
Bought with Douglas Maupin • Maupin Realtors

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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