1870 W 218th Street

Torrance, CA 90501

$2,650,000

Status: Active

  • 22Units
  • 27,334SQ. Feet
  • 22,153Lot Sq. Ft.

1870 W 218th St and 1745-1747 Border Ave is an exciting development opportunity located in the heart of Old Town Torrance. The property currently consists of four (4) 1-bed/1-bath units situated on a 9,606 SF lot, 2,280 SF of office space situated on a 6,273 SF lot, and a 6,274 SF parking lot. The owners have started the entitlement process to build twenty-two (22) new apartment units along with 1,314 SF of office space.  The unit mix for the proposed development plan is to build six (6) 1-bed/1-bath units, ten (10) 2-bed/1-bath units, and six (6) 2-bed/2-bath units. The plan also includes twenty-two (22) on-site parking spaces that will generate an estimated $4,500 a year in additional income.

Key Info

  • TypeResidential Income
  • StatusActive
  • Year Built1939
  • Days on Market75
  • Price$2,650,000
  • Price/Sqft$97
  • Date ListedJanuary 14th, 2020
  • MLS® #SB20008764

Interior

  • Square Footage27,334
  • Units22
  • Bathrooms0.00
  • Parking Spaces22

Listing Details

  • Listing AgentBrett Lyon(01717818)
  • Listing OfficeLyon Stahl Investment Real Estate, Inc.

Community Information

  • AreaOld Torrance (134)
  • CityTorrance, CA
  • Zip Code90501
  • CountyLos Angeles

Exterior

  • Lot Sq. Ft.22,153
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Based on information from California Regional Multiple Listing Service, Inc. as of March 31st, 2020 at 12:23pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.