This unique property presents an excellent opportunity for a Builder or Developer to build to rent or sell condominium units utilizing the tri-level unit concept. An outstanding feature of this property is its zoning, which would also allow the developer an additional option to build a warehouse for storage, shipping, and receiving, with offices on the second floor. This redevelopment opportunity is located in the rapidly gentrifying areas of Torrance and the South Bay, featuring new housing, entertainment, restaurants, and expanding business opportunities. The property is zoned LACM, with a good-sized lot of 7,202 sq. ft., offering several options. Please verify all zoning, permits, and allowed usage for your plans with the City Planning Department. The current structure is an SFR with two bedrooms and one bathroom, a professionally managed and maintained unit. The property was recently upgraded. This provides the Developer an excellent opportunity to collect rent while working with the City Offices on all the formalities towards their new project.