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    20320 Normandie Ave Torrance, CA 90502

    Sponsored
    For Sale
    $3,600,000

    26,852 SF, 31+ Units Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 26,852 square foot land parcel in Torrance, California, presents a compelling development opportunity. Located in Los Angeles County, zip code 90502, at 20320 Normandie Avenue, this property is zoned C3* and offers significant potential for both commercial and residential development. The site allows for the construction of 31 market-rate units as of right, with the possibility of increasing density to accommodate up to 47 units, including affordable housing options, through the utilization of density bonuses. Its prime location offers easy access to major freeways (91, 405, and 110), thriving commercial centers, and high-rise office buildings. The predominantly flat terrain simplifies development, and the area's recent success with similar projects, including townhome communities exceeding $800,000 per unit, demonstrates strong market demand. This property is offered at $3,600,000 and represents a rare chance to capitalize on the burgeoning Torrance real estate market. The adjacent major shopping plaza further enhances the desirability and potential for a high return on investment. This is a unique opportunity for developers seeking a prime location with significant upside potential. The property's proximity to major transportation arteries and established commercial areas makes it an ideal location for a mixed-use development or a large-scale residential project.

    Property Features for 20320 Normandie Ave

    General Information

    Property type
    Land

    HighLights

    • 26,852 SF lot in Torrance, CA.
    • 31 market‑rate units allowed by right; potential for up to 47 units with density bonus.
    • Excellent freeway access (91, 405, 110).
    • Located near high‑rise offices and a major shopping plaza.
    • Predominantly commercial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.29891661151
    Latitude
    33.845595406667

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    FAQs

    What type of property is this?
    Land - 26,852 SF, 31+ Units Possible
    Where is this land located?
    The property is located at 20320 Normandie Ave Torrance, CA.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 26,852 SF lot in Torrance, CA.; 31 market-rate units allowed by right; potential for up to 47 units with density bonus.; Excellent freeway access (91, 405, 110).
    (310) 686-4544
    Request Owner's contact information
    20320 Normandie Ave Torrance, CA 90502
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    Torrance, CA 90502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20320 Normandie Ave Torrance, CA 90502
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