An extraordinary opportunity to own a monstrous, gently sloped 16,200+ SF lot. Located in the prestigious 'Seaside' section of South Torrance, the options are endless. Here are 3 of the main ones: (1) Build your Cusomized, unique estate home, plus a pool with pool house, plus a detached 1,000 SF ADU and even a pickle ball court! Or' (2) Do a lot split and create two 8,000+ SF R-1 lots. On each lot build a large home with a pool, BBQ area and an ADU. Or' (3) Keep the current 3 bedroom home for now, rent it out, then build in the future. (4) Any other ideas? Note: this property is not subject to the Torrance 'Hillside Overlay' guidelines which makes any project simpler. There is potentially direct access at the back of the property (pending city approval). The home faces Milne, but the property stretches all the way to the back alley near Texas Loosey's. Property is sold in as-is condition. There is no survey in hand and no recent soil report in hand. Seller says he isn't doing a 1031, just a straight sale. So a long or short escrow could work, as might an offer contingent on getting needed city approvals. If you need time to check development possibilities, just put that in the offer. 2022-05-30
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