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22102 Normandie Avenue, Torrance, California 90502, Torrance, 90502 - bed, bath

22102 Normandie Avenue, Torrance, California 90502 home-pic-0
ACTIVE$5,000,000
22102 Normandie Avenue, Torrance, California 90502
0Bed
0Bath
11,754Sqft
38,165Lot
Year Built
1947
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$425
HOA
-
Days on market
-
Sold On
-
MLS number
SB25007323
Home ConditionTear down
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros.

VERY RARE OPPORTUNITY. The proposed project envisions a three-story senior retirement facility/Special Needs with approximately 40 units. By applying for a zoning variance or rezoning from R-1 to a multi-family residential designation (R-3 or R-4), the property could support a high-density senior housing development. This property spans approximately 38,165 square feet across three parcels, located under the Los Angeles County jurisdiction with a Torrance postal code. The current zoning is R-1 (Single-Family Residence), with existing structures that allow for interim rental income while development plans are formalized. Given the growing demand for senior housing in LA County, this property is ideally positioned for a *three-story Senior Retirement or Special Needs facility*—leveraging the owner’s expertise in senior care and housing. 22040 AND 22042 NORMANDIE ARE INCLUDED IN THE SALE. SEE SUPPLEMENTS FOR MORE INFORMATION.

Condition Rating
Tear down
Built in 1947, the property's existing structures are explicitly noted in the listing's property analysis as 'likely outdated and would require demolition or significant renovation.' The entire listing focuses on the land's redevelopment potential for a senior facility, not the current structures' livability. The absence of interior photos, especially of key areas like kitchens and bathrooms, further indicates that the current structures are not considered assets and are expected to be removed for the proposed project, making their value solely based on the land.
Pros & Cons

Pros

Significant Development Potential: The property is ideally positioned for a three-story, 40-unit senior retirement or special needs facility, addressing a high-demand market.
Expansive Land Area: Comprising three parcels totaling approximately 38,165 sq ft, it offers ample space for a substantial development project.
Strategic Market Demand: Located in LA County, it capitalizes on the growing demand for senior housing, enhancing the project's viability and potential returns.
Interim Income Opportunity: Existing structures provide the flexibility to generate rental income while navigating the development approval process.
Owner's Expertise Leverage: The owner’s stated expertise in senior care and housing can be a significant asset in realizing the proposed development.

Cons

Zoning Reclassification Required: The current R-1 zoning necessitates a challenging and potentially lengthy process of obtaining a variance or rezoning to R-3 or R-4 for the proposed high-density use.
Complex Development Project: Developing a 40-unit senior facility is a large-scale, complex undertaking requiring substantial capital investment, specialized permits, and extensive project management.
Age of Existing Structures: Built in 1947, the existing structures are likely outdated and would require demolition or significant renovation, adding considerable cost and time to the development timeline.

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