958 W 222nd St

Investment Highlights

Property Overview

Land Deal! 958 W 222nd St presents a compelling development opportunity in the West Carson/Torrance PO area. This property is situated on a deep 17,452 SF lot with existing 2-unit improvements and Specific Plan zoning. Offered at $1,200,000, or approximately $68.76/SF of land, the site is priced below local comparable land sales, providing developers with an attractive basis for design, entitlement, and construction planning. The property's full depth may not be efficiently developable all the way to the rear, a factor already reflected in the price-per-foot. The rear portion can be utilized for parking, circulation, open space, landscaping, or a communal resident amenity area, adding utility beyond the main building envelope. The feasibility study identifies the site as Specific Plan West Carson R-4, with a density range of approximately 50-150 units per acre, translating to an estimated 19 to 57 units before final design, entitlement, parking, and site planning review. Development is not restricted by FAR, with a height limit of 4 stories / 50 feet. The surrounding area is experiencing significant investment, including a large development project immediately next door, which supports the long-term value of the location and future housing demand. The property currently consists of 2 units that will be delivered fully vacant at close of escrow, offering a great land banking opportunity for an owner-user. While the current units are livable, they are ideal for a value-add investor as they require updating and are not move-in ready.