We are pleased to present this rare luxury development opportunity that is zoned R-2. Situated just a few blocks from gorgeous Hermosa Beach, the location is difficult to beat. The home is situated on a large lot, ideal for future development. Whether you want to remodel the existing structure into a custom-designed home, or tear it down and build up, there are numerous options for this property. The City of Hermosa Beach has stated that this lot can be developed with up to two townhomes at approximately 3,700 SF each. Benefits of R-2 Zoning include: higher permissible density, taller allowable building height, more flexible open space requirements.