1542 W 223rd,Los Angeles, CA 90501
Los Angeles, CA 90501
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.
Details
| MLS # | OC26139951 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 77 |
| Listing Provided By | Keller Williams Realty Irvine | Lionel Franklin |
Features
| SQ Feet | 1,656 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| Acreage | 0.15 |
| Property View | Yes |
Interior
| Cooling | Central Air, Wall Window Units, Zoned |
|---|---|
| Heating | Forced Air, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans, Ceramic Counters, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, All Bedrooms Down, Bedroom On Main Level, Main Level Primary |
| Appliances | Dishwasher, Gas Range, Microwave, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Common Roof, Shingle |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Zero To One Unit Acre, Back Yard, Front Yard, Paved, Sprinkler System, Street Level |
| Fencing | Privacy, Wrought Iron |
Parking
| Parking Features | Concrete, Driveway Level, Driveway, Gated, Off Street, Paved, Pull Through, Rv Access Parking |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Available, Sewer Available, Water Available |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90501 |
| Area | 122 Harbor Gateway |
| Listing VS Median (in 90501) | |
Price: $1,100,000 low | high Med: $849,000 sqft: 1,656 low | high Med: 1,470 $ / sqft: $664 low | high Med: $578 On site: 77 low | high Med: 53 | |
Market Activity 90501
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90501 |
| Area | 122 Harbor Gateway |
| Listing VS Median (in 90501) | |
Price: $1,100,000 low | high Med: $849,000 sqft: 1,656 low | high Med: 1,470 $ / sqft: $664 low | high Med: $578 On site: 77 low | high Med: 53 | |
 | $1,100,0001542 W 223rdLos Angeles, CA 90501 |
 | $1,000,0001546 W 223rdLos Angeles, CA 90501 |
 | $1,000,0001546 W 223rdLos Angeles, CA 90501 |
 | $799,8881535 W 224th StreetTorrance, CA 90501 |
 | $799,8881535 W 224th StreetTorrance, CA 90501 |