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listing
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Single FamilyFor Sale
$2,250,000
5127 Milne Drive
Torrance, CA
Listed by Nick Peters DRE#00880972 [email protected] Engel & Volkers LA-South Bay
MLS: California Regional MLS (CRMLS)
3Beds
1Bath
1,360Sq Ft
Est. Mortgage
$11,714/mo

An extraordinary opportunity to own a monstrous, gently sloped 16,200+ SF lot. Located in the prestigious “Seaside” section of South Torrance, the options are endless. Here are 3 of the main ones: (1) Build your Customized, unique estate home, plus a pool with pool house, plus a detached 1,000 SF ADU and even a pickle ball court! Or… (2) Do a lot split and create two 8,000+ SF R-1 lots. On each lot build a large home with a pool, BBQ area and an ADU. Or… (3) Keep the current 3 bedroom home for now, rent it out, then build in the future. (4) Any other ideas? Note: this property is not subject to the Torrance “Hillside Overlay” guidelines which makes any project simpler. There is potentially direct access at the back of the property (pending city approval). The home faces Milne, but the property stretches all the way to the back alley near Texas Loosey's. Property is sold in as-is condition. The current home features 3 bedrooms, 1 full bathroom, den plus office area, and a rooftop deck. The house has been freshly painted and the carpets were just cleaned. There is no survey in hand and no recent soil report in hand. Seller says he isn’t doing a 1031, just a straight sale, so a long or short escrow could work. We are also open to an offer that is contingent on getting needed city approvals. If you need time to check development possibilities, just put that in the offer.

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Information courtesy of Engel & Volkers LA-South Bay is subject to verification and is not guaranteed.
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