Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 26,852 square feet presents a rare and refined opportunity. Situated in proximity to thriving offices, major freeways, and an expansive shopping center, its location embodies prime real estate desirability. What sets this offering apart is its remarkable potential for Residential Development. With the capacity to erect 31 units of market-rate housing as of right, or ingeniously leverage density bonuses to expand the project to a lavish 47 units, including provisions for affordable housing, the prospects for a lucrative return on investment are undeniable. Noteworthy are recent exemplars of success in the vicinity, such as the esteemed townhome communities along Western Avenue by Schiappa Homes and in North Torrance on 182nd Street by Lennar. In these developments and surrounding locales like Gardena & Harbor City, discerning buyers have eagerly embraced sophisticated living spaces, driving sales figures well beyond the $800,000 mark. Furthermore, the predominantly flat terrain of this parcel not only simplifies development logistics but also enhances the allure of investment potential. For those with a keen eye for opportunity and a penchant for sophisticated ventures, this offering beckons as a beacon of potential prosperity. For further insights into this distinguished opportunity, we invite you to engage with us at your earliest convenience.
Property Details
Property Features
Listing Office:
Office Name: West Shores Realty, Inc.
Office Phone: (310) 686-4544
Listing Agent: Amie Shepard
Exterior Features
Exterior Information:
View: Neighborhood
Lot Features
Lot Information:
Lot Size: 0.62 Acres
Other
Directions Information:
Directions: Normandie Avenue & Del Amo Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Tax Information:
Annual Amount: $3,460
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Torrance, CA.
This property is $2.4M more than the Median Sold Price in Torrance, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24115401
Listing Office:
Office Name: West Shores Realty, Inc.
Office Phone: (310) 686-4544
Listing Agent: Amie Shepard
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 04, 2019
Jan 04, 2019Home Sold
$450,000
Dec 23, 2009
Dec 23, 2009Home Sold
$230,891
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,460
$252,488
2020
$3,467
$249,900
2019
$3,356
$254,568
2018
$3,264
$249,577
2017
$3,264
$244,684
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Van Deene Avenue Elementary
826 Javelin St
Distance between this listing and this school0.79 miles
Public District Grades KG-6
5
/10
Halldale Avenue School
21514 Halldale Ave
Distance between this listing and this school0.91 miles
Public District Grades KG-5
5
/10
186th Street Elementary
1581 W 186th St
Distance between this listing and this school1.20 miles
Public District Grades PK-5
Nearby Schools
4
/10
White Middle School
22102 Figueroa St
Distance between this listing and this school1.55 miles
Public District Grades 6-8
6
/10
Caroldale Learning Community
22424 Caroldale Ave
Distance between this listing and this school1.86 miles
Public District Grades KG-8
7
/10
Casimir Middle School
17220 Casimir Ave
Distance between this listing and this school2.33 miles
Public District Grades 6-8
Nearby Schools
1
/10
Moneta Continuation
17951 S Budlong Ave
Distance between this listing and this school1.49 miles
Public District Grades 9-12
4
/10
New Millennium Secondary School
1301 W 182nd St
Distance between this listing and this school1.51 miles
Public Charter Grades 9-12
3
/10
Gardena Senior High School
1301 W 182nd St
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $67,844. Most Torrance, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20320 Normandie Ave
What is the listing price of this property?
The listing price of 20320 Normandie Ave property is $3,500,000.
What type of property is this?
The property 20320 Normandie Ave is land located in Torrance, California, 90502.
Is this property for sale now?
Active Listing: 20320 Normandie Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,460 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 4, 2019 for $450,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 20320 Normandie Ave in Torrance, CA and zip code 90502 in the West Carson neighborhood. This home sits on a 0.62 acre lot. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $3,500,000.
While more than 38 listings in Torrance, CA in October 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 32 were sold below. The inventory of homes for sale in Torrance, CA between September 2024 and October 2024 increased by 2.8%. While the average time on the market in October 2024 was 29 days, the median list price was $1,037,888.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Pro Boxing
Pro Boxing
Tennis
Live Theatre
IKEA
Crate & Barrel
Bloomingdales
Quiznos
Starbucks
Boston Market
Lexus
BMW
Mercedes
Soft Adult Contemporary
News