2.18AC Development Opportunity on Pacific Coast Highway (Torrance, CA)

Description:

Prime Pacific Coast Highway Location
• ±2.18 acres fronting Pacific Coast Highway (Hwy 1), one of the South Bay’s most heavily trafficked arterials with 39,000+ cars per day

Exceptional Redevelopment Potential
• C-2 General Commercial zoning across all four parcels supports a wide range of commercial, mixed-use, and (with entitlements) residential development
• Base zoning allows approximately 59 residential units; Housing Element target density supports approximately 72 units; State Density Bonus Law can push density up to 100% with qualifying affordable components
• City of Torrance is actively pro-development, currently entitling multiple large-scale mixed-use and multifamily projects along major corridors

Proximity to Major Demand Drivers
• Minutes from Torrance Airport, Skypark Office Park, and Torrance Memorial Medical Center
• Adjacent to multiple schools including South High School, Calle Mayor Middle School, and Riviera Elementary, boosting daytime population and community traffic
• Located in one of the most affluent and densely populated trade areas in the South Bay

Stable In-Place Income with Significant Upside
• ±34,453 SF of total building area across four separate buildings
• ~96% occupied with a diversified tenant mix spanning office, restaurant, fitness, retail, dental, and service commercial uses
• Majority of leases are month-to-month, giving a buyer immediate ability to mark rents to market, restructure lease terms, or convert from gross to NNN
• Below-market rents across most tenancies represent meaningful near-term income upside through re-leasing and renewals

Affluent South Bay Demographics
• Average household income of approximately $177,289 within a one (1)-mile radius and approximately $179,928 within three (3) miles
• Torrance population of 141,442 swells to a daytime population of 188,050, supporting strong retail and service demand
• Average home price in Torrance of approximately $1,080,000 — well above the LA County average of $862,600
• 36.5% of residents hold a bachelor’s degree or higher; unemployment rate of just 4.4%

Documents: