21821 Harvard Boulevard, Torrance, CA 90501
- $2,200,000
Listing courtesy of Listing Agent: Steve Schloeder (steveschloeder@cox.net) from Listing Office: Bonanza Realty.
- List Price
- $2,200,000
- Status
- ACTIVE
- MLS#
- SB26077322
- Lot Size
- 16,867
- Lot Location
- Corner Lot, Street Level
- Days on Market
- 109
- Property Type
- Land
Property Description
Rare shovel-ready RTI development opportunity for a 21-unit apartment plus and project on approximately 16,800 sq ft of land across three legally merged lots (approx. 240 ft X 70 ft) on a flat corner site. Also included is one ADU. Four three-bedroom, two bath units and 18 two-bedroom, two bath units. Total of 22 units in one three story building. The property includes Ready-to-issue (RTI) plans, allowing a buyer to step directly into a project that has taken over 5 years of entitlement work-significantly reducing development timeline, carrying costs, and risk. Located within a designated Opportunity Zone, this property offers incredible tax advantages for builders/developers/investors. The site has been fully cleared, legally vacated, and graded flat, with NO affordable housing requirement. A buyer may proceed with the existing multi-family plans or explore alternative development options, including 10 potential fee-simple lot configurations under SB 684. Strategically located within 1 block of Western Avenue and 2 blocks south of Carson Street, close to public transportation, Harbor UVLA Medical Center. Shopping, dining, and schools, and approximately 5.5 miles from Redondo Beach and the pier. RTI has been extended to 8/28/26 by the Los Angeles Building Department.
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Additional Information
- View
- None
- Water
- Public
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.