1509 208th St 0.17 Acres of Residential Land Offered at $1,198,000 in Torrance, CA 90501

Unlock the full potential of the South Bay rental market with this exceptional multi-family development site located in the high-demand Harbor Gateway corridor. Spanning approximately 7,572.2 sq. ft., this level parcel is strategically zoned LARD 1.5 , [Q]RD1.5-1, offering a sophisticated canvas for developers looking to capitalize on Los Angeles’ aggressive housing incentives.
This prime lot features a base density of 5 units (1 unit per 1,500 sq. ft. of lot area) with a Height District 1 designation allowing for structures up to 3 stories. Developers can explore the possibility of developing multiple high-yield configurations, including a 5-unit multi-family complex plus 2 detached ADUs, or a sleek collection of 5 modern townhomes, each ranging from 1200-1300 sqft, 3bdr/2-3 bathroom/ 2 story / attached garage is possible.
A standout feature of this site is its verified TOC Tier 1 eligibility, being located within a half-mile of a Major Transit Stop near Western Ave. While the base zoning typically allows for a 5-unit build, the Transit Oriented Communities program offers a pathway to potentially increase density to 7 total units. By leveraging these incentives—which may include a 35% density bonus and flexible parking requirements—a developer could significantly enhance the site's "highest and best use" and long-term yield.
The location is unparalleled for long-term appreciation, situated minutes from the Harbor-UCLA Medical Center and major employment hubs, ensuring a consistent tenant base. Whether you are planning a modern townhome project or a high-performance apartment build, this shovel-ready opportunity provides the perfect blend of density, location, and legislative support to maximize your ROI.