
Torrance, California 90502
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,200,797 Fair Market Value by 0.07%. Featuring Specific Plan West Carson R-4 Zoning with a density potential of 19 to 57 units, this Fair Condition Rating asset requires significant value-add renovation. The 17,452 SF lot offers substantial development upside in a high-demand growth corridor. This is a strategic acquisition ideal for Multi-Family Developers or Value-Add Investors seeking to capitalize on high-density entitlement potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 958 W 222nd Subject | $1,200,000* List Price | 0 | 0 | 3,064 | $392 | - |
A 803 W 228th St 1 Pending | $1,300,000 List Price | 0 | 0 | 3,312 | $393 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1927, this 97-year-old property is marketed as a 'value-add' development opportunity rather than a move-in ready home. The listing explicitly states it is not move-in ready and needs updating, fitting the criteria for a property requiring significant rehab where the primary value lies in the land and its high-density zoning potential.
The property is zoned Specific Plan West Carson R-4, allowing for a significant density of 50–150 units per acre, which translates to an estimated 19 to 57 units.
Offered at approximately $68.76 per square foot of land, the site is priced below local comparable land sales, providing an attractive basis for developers to manage entitlement and construction costs.
Situated next to a large-scale development project, the property benefits from neighborhood revitalization and strong future housing demand in the West Carson/Torrance area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3064, other record living area = 1608.
The existing two units are not move-in ready and require significant updating, necessitating immediate capital investment for any owner-user or land-banking strategy.
The extreme depth of the 17,452 SF lot may not be fully developable for primary structures, potentially limiting the building envelope and requiring creative use of the rear space for parking or amenities.
958 W 222nd St offers a compelling development opportunity in the West Carson/Torrance PO area, positioned on a deep 17,452 SF lot with existing 2-unit improvements and Specific Plan zoning. The property is offered at $1,200,000, or approximately $68.76/SF of land, pricing the site below local comparable land sales and giving developers an attractive basis to work through design, entitlement, and construction planning. While the full depth may not be efficiently developable all the way to the rear, that is already reflected in the price-per-foot. The rear portion can potentially be used for parking, circulation, open space, landscaping, or a communal resident amenity area, giving the site added 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 noted as not restricted by FAR, with height limited to 4 stories / 50 feet. The surrounding area is also seeing meaningful investment, including a large development project immediately next door, supporting the long-term story for the location and future housing demand. Property currently consists of 2 units which will be delivered fully vacant at close of escrow which also provides a great land banking opportunity for an owner user. Current units are livable but are for a value-add investor as current condition would need updating and is not move in ready.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,064 | 1,716 | 67% |
| Lot Size | 17,452 | 9,879 | 67% |
| Price | $1.20M | $900.0K | 67% |
| Price per sq ft | $392 | $417 | 33% |
| Built year | 1927 | 1950 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 100 | 33% |
May 13, 2026
$1,200,000
Initial Listing