Prime Old Town Torrance location this spacious 3bd, 2bath Historic Spanish Adobe is on large corner R2 lot. Upgrades include copper plumbing, electrical wiring, large kitchen with granite counters and large kitchen island. Two spacious updated bathrooms. The dramatic, open living room with beamed ceilings & fireplace, formal dining room with access to a side patio. Large, stucco-walled backyard make this home ideal in so many ways. The curb-appeal is outstanding with an inviting front porch and drought-tolerant landscaping. Easy access parking with a detached oversized two-car garage with separate laundry area, Best of all, with this R2 designation, Approved plans to construct 2 New 2200 sq. ft. homes, each containing a guest house / rental unit with in the interior of the newly constructed homes available also. Excellent opportunity to develop 2 new homes with combined future values between 2.2- 2.4 million. Home is currently leased at $3300.00 a month till 12/31/21.