21821 Harvard Boulevard, Torrance, CA 90501
List Price: $2.2M
Listing Status: ActiveUnderContract
0Days on Market: 87
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 16,867 sq ft
MLS Number: SB26077322
About This Property
Subject to Cancellation of Current Escrow. Rare shovel-ready RTI development opportunity for a 21 unit apartment 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. 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.
Listing provided by: Steve Schloeder DRE #00612682 310-327-0555 steveschloeder@cox.net, Bonanza Realty
Source: CRMLS, MLS #: SB26077322
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.