1307 Greenwood Torrance, CA 90503

Priced out of Manhattan, Hermosa or Redondo (or don't want to pay those prices) for a large lot to build your vision. The possibilities are endless for this 7,500sf lot with ADU potential for cash flow or to enhance your lifestyle. Very desirable location in the Madrona area to build your dream home. This opportunity is perfect for an owner-occupant that wants to build, or a fix and flip or fix and hold investor. The home is in need of updating and repairs. Ready-to-issue plans are included for an approximate 3,400sf home with 2 car garage and separate 600sf ADU. Located several blocks from the Torrance Civic Center including the Plunge (community swimming pool), the library, the Armstrong Theater, the Cultural Arts Center, City Hall and the Torrance Police Station. Approximately one mile to the Del Amo Fashion Center with shopping, restaurants and a multi-plex movie theater. Also, about a mile away is the amazing Wilson Park and its Farmers and Artisan Market every Tues and Sat morning. Don't forget the award-winning Torrance Schools and easy access to freeways and the beach (3.5 miles down Torrance Blvd). A recent appraisal came in over $90,000 above the asking price. Contact the listing agent to see the plans or arrange a visit.