2.39 Acres VACANT LAND Development Opportunity OFFERING MEMORANDUM

22320 Normandie Ave. Torrance, California 90502

2.39 Acres Development Opportunity Torrance | 2

22320 Normandie Ave. Torrance CA

Table of Contents Confidentiality Agreement ...................................... 3

Investment Highlights ............................................. 4

Property Overview .................................................. 5

Property Aerials ...................................................... 6

Property Photos ...................................................... 7

Area Map ................................................................. 8

Property Map .......................................................... 9

Parcel Map ............................................................ 10

Area Description ................................................... 11

Traffic Report ........................................................ 12

Demographic Report ............................................. 13

Broker Contact ...................................................... 14

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22320 Normandie Ave. Torrance CA

Confidentiality Agreement

The Offering Package contains selected information pertaining to the Property and has been prepared by Coldwell Banker Commercial. It does not, however, purport to be all-inclusive or contain all of the information which a prospective purchaser may desire. Neither Owner nor Broker nor any of their officers, employees, or agents make any representation or warranty expressed or implied as to the accuracy or completeness of the Offering Package of any of its contents, and no legal liability is assumed to be implied with respect thereto.

The information provided in the Offering Package has been gathered from sources that are deemed reliable, but the Owner and Coldwell Banker Commercial do not warrant or represent that the information is true, correct, or complete. Potential Purchaser is advised to verify information independently. The Owner reserves the right to change the

price, or any information in the Offering Package or to withdraw the Property from the market at any time, without notice. This is not to be construed as an offer or as any part of a contract to sell the property.

By receipt of this Offering Package, Potential Purchaser agrees that the Offering Package and its contents are confidential, that it will hold and treat it in the strictest of confidence, that it will not directly or indirectly disclose, or permit anyone else to disclose, the Offering Package or its contents to any other person, firm, or entity, without prior written authorization of Owner and Broker, and that is will not use or permit to be used this Offering Package or its contents for any purpose other than to evaluate the Property for purchase nor in any fashion or manner detrimental to the interest of the Owner.

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22320 Normandie Ave. Torrance CA

Investment Highlights

Coldwell Banker Commercial is pleased to present a land development opportunity in Torrance, California. The subject property is comprised of Five (5) parcels; situated on approx. 2.39 Acres of land. The property is adjacent to new multifamily developments. Located on the corner of Normandie and 223rd Street, a major thoroughfare, the property has excellent visibility and high traffic count.

Property Location: 22320 Normandie Avenue Lot size of 59,486 square feet, APN#7344-014-0281248 (A) West 223rd Street Lot size of 12,323 square feet, APN#7344-014-0011248 (B) West 223rd Street Lot size of 14,575 square feet, APN#7344-014-0021244 West 223rd Street Lot size of 6,403 square feet, APN#7344-014-0031232 West 223rd Street Lot size of 11,478 square feet, APN#7344-014-005

$4,088,800$39.11/SF LC-M1 104,535 SF / 2.39 Acres 7344-014-028; 7344-014-001; 7344-014-002; 7344-014-003; 7344-014-005

List Price: Price/Sq. Ft.: Zoning: Lot Size: APNs:

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22320 Normandie Ave. Torrance CA

Property Overview

Rare Corner Property Vacant Land

Approx. 104,535 SF Total Land SF / 2.39 Acres

Total of Five (5) Adjoining Parcels

Ideal 50+ unit Townhome, development opportunity

Excellent Multi-family fundamentals

Prime Torrance Location within Minutes to 110/405 Freeways

Proximity to Major New Multifamily Development

Ideal Urban In-Fill

Strong sale and rental market

Five parcels part of the Tentative Tract Map Number TR063296 with the County Of Los Angeles

http://planning.lacounty.gov/case/view/tentative_tract_map_no_063296

Close Proximity to Harbor UCLA Medical Center

$39.11 per square foot of land

Zoning: LC-M1 (Please Verify Zoning and Permitted Uses with the County of Los Angeles)

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22320 Normandie Ave. Torrance CA

Property Aerials

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22320 Normandie Ave. Torrance CA

Property Photos

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22320 Normandie Ave. Torrance CA

Property Photos

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22320 Normandie Ave. Torrance CA

Area Map

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22320 Normandie Ave. Torrance CA

Parcel Map

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22320 Normandie Ave. Torrance CA

Area Description

Torrance is a coastal community in South Bay (southwestern) region of Los Angeles County. Its estimated 2013 population was 147,478. Known for its low crime rates, the city consistently ranks among the safest cities in Los Angeles County. The economy of Torrance employs 71,864 people and is home to the U.S. headquarters of Japanese automaker American Honda Motor Company. Robinson Helicopters, Honeywell, Alcoa Fastening Systems, Pacific Sales, Pelican Products, and Rapiscan Systems are among the other companies based in Torrance.

Highways and freeways in the region include I-110, I-405, SR 91, SR 107, and SR 1. The city is served by Torrance Transit, LACMTA Metro bus, and LADOT services.[74]Commercial airlines service is within 15 minutes at Los Angeles International Airport and Long Beach Airport.

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22320 Normandie Ave. Torrance CA

Traffic Report

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22320 Normandie Ave. Torrance CA

Demographic Report

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22320 Normandie Ave. Torrance CA

Broker Contact

For Additional Information, Please Contact: