1542 W 223rd, Los Angeles, CA 90501
Local realty services provided by:CENTURY 21 Discovery
1542 W 223rd,Los Angeles, CA 90501
$1,100,000
- - Beds
- - Baths
- 1,656 sq. ft.
- Multi-family
- Active
Listed by: lionel franklin
Office: keller williams realty irvine949-861-8000
MLS#:OC26139951
Source:CRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$664.25
About this home
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....
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Home facts
- Year built:1920
- Listing ID #:OC26139951
- Added:114 day(s) ago
- Updated:October 26, 2026 at 11:13 AM
Rooms and interior
- Flooring:Tile, Vinyl, Wood
- Kitchen Description:Dishwasher, Gas Range, Microwave
- Living area:1,656 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall Window Units, Zoned
- Heating:Forced Air, Wall Furnance
- Central air:Yes
Structure and exterior
- Roof:Common Roof, Shingle
- Year built:1920
- Building area:1,656 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Back Yard, Front Yard, Paved, Street Level
- Architectural Style:Modern, Ranch
- Construction Materials:Stucco
- Levels:1 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$664.25
Features and amenities
- Appliances:Dishwasher
- Laundry features:Outside
- Amenities:All Bedrooms Down, Ceiling Fans, Ceramic Counters, Granite Counters, High Ceilings, Open Floor Plan, Recessed Lighting, Water Heater
Parking
- Total parking spaces:2
- Parking description:Concrete, Driveway, Driveway Level, Gated, Off Street, Paved
- Garage:Yes
- Garage spaces:2
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