Welcome to 2718 Dalemead Street located in the coveted Walteria Neighborhood in Torrance, CA! This is an exciting opportunity for prospective homebuyers, investors or developers! The existing home is a charming 3-bedroom, 1-bathroom single family residence and is set on a spacious 5,220 square-foot corner-lot and offers 892 square feet of recently-updated living space (buyer(s) to verify). As you enter the home, you'll notice fresh paint, new floors and dual-pane windows throughout plus an updated AC / heating system. The central living room flows into the kitchen and also connects to a spacious laundry-room and storage area. There is a rear-exit door that leads into the expansive backyard complete with an exterior storage shed, fire-pit with bench-seating and a large grassy area. A savvy investor or developer will be interested in the TORR-MD R2 Torrance Zoning Designation (source realist-corelogic) allowing for endless possibilities to turn this property into a trophy asset. Included with the sale are fully-permitted plans designed by a local, reputable architect for a (2)-family residential duplex with the option to add an ADU (3 units total) (buyer(s) to verify). Not to mention, this property is located within the highly sought-after Torrance School District (A-rating on Niche.com) and is within walking distance to Torrance Towne Center and Rolling Hills Plaza which are home to countless shops, restaurants, gyms, sporting good stores, day-spas, movie theaters and high-end grocery stores. Don't let this one pass you by!