Listing Agent: Lionel Franklin      Broker/Office: Keller Williams Realty Irvine
1542 223rd W Torrance CA 90501
$ 1,100,000
  2   |    1   |    1656 Sq Feet

Listing ID

#OC26113980

Status

Active

Property Type

Single Family Residence

Property Style

Modern

County

Los Angeles

Year Built

1920

Days on website

3

Description
Welcome to 1542 W 223rd Street, a rare 3-unit South Bay opportunity offering current income, flexible living options, and long-term upside in the heart of Torrance. Situated on an approximately 6,681 square foot lot, the property includes three separate living spaces: a front 2-bedroom, 1-bath residence, a middle 1-bedroom, 1-bath ADU, and a rear studio with 1 bathroom.

Together, the property generates $6,800 per month and $81,600 in annual gross income, with all tenants currently month-to-month and current on rent. The front house is rented for $2,750 per month, the middle ADU is rented for $2,350 per month, and the rear studio is rented for $1,700 per month. With separate entrances, updated interiors, brand new split A/C units in all three spaces, and laundry inside the front and middle units, this property offers immediate income with room to grow.

The layout creates multiple possibilities for investors, owner-users, extended families, and buyers seeking flexibility. Continue leasing all three units, live in one and rent the others, create a multigenerational setup, or explore future options to improve, expand, or reposition the property. The rear unit is noted as a legal game/bonus room, and ownership has explored SB-9 possibilities, adding another layer of long-term upside.

The opportunity becomes even more compelling with neighboring 1546 W 223rd Street also available, creating a rare chance to acquire side-by-side parcels in Torrance for scale, future planning, portfolio growth, or a larger South Bay footprint.

Located just north of Sepulveda Boulevard with convenient access to the 110, 405, and 91 freeways, the property offers strong connectivity to employment centers, shopping, dining, schools, beaches, and surrounding South Bay communities. Three income streams, multiple possibilities, and a prime Torrance location make 1542 W 223rd Street an opportunity worth seeing.
Location
Financial Information
List Price:  $ 1100000
Property Features
Appliances:  Dishwasher, Microwave
Community Features:  Sidewalks, Suburban
Construction Materials:  Stucco
Cooling:  Zoned
Electric:  Standard
Fencing:  Privacy
Flooring:  Tile, Vinyl, Wood
Foundation Details:  Raised, Slab
High School District:  Los Angeles Unified
Laundry Features:  Outside
Levels:  One
Lot Features:  Paved, Yard
Parking Features:  Concrete, Driveway, Gated, Paved
Road Surface Type:  Paved
Roof:  Shingle
Senior Community YN:  false
Structure Type:  House
View:  Neighborhood
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  122 - Harbor Gateway
City:  Torrance
Listed By:   Lionel Franklin   Keller Williams Realty Irvine 
CA Lic#