Rare offering appealing to both Investors and Developers! Great investment opportunity to own an income producing Triplex in desirable South Redondo. Situated at the crest of the hill on an Oversized 40 x 195 R-3 lot. This investment site can be redeveloped into 3 detached condominium townhomes with view. Under market rents provide for rental income upside potential while obtaining permits. Currently there is a detached 3 bedroom, 1 bath beach bungalow in the front of the property. At the rear is a 2 bedroom, 1.75 bath apt. with sweeping city lights views over the 2 car garage and the lower level 1 bedroom, 1 bath unit. The large lot offers plenty of additional off street parking. Well located – only one block away from Parras Middle School to the North – shops, restaurants and public transportation on Torrance Blvd, and only minutes away from the Redondo marina/waterfront and South Bay beaches. Great award-winning schools – Alta Vista Elementary, Parras Middle School and Redondo Union High School.