Multi unit residential development site zoned LORVD2500 which may allow one residence for every 2500 square feet of lot area. Oak Street south of PCH is a cul de sac with no thru traffic. This property has a huge amount of street frontage. Possible 9 unit condo, town home or apartment development based on the zoning and lot area. The maximum number of units which can be built will vary and may be less depending on the unit size, set backs, parking requirements and other requirements of the City of Lomita. There is an older single family home plus an oversize garage on the property which is being sold in it's "as is" present condition. Seller will not make any repairs to the home or other structures. Buyer to verify the square footage, zoning and potential use of the property. The present tenant is on a month to month term.