1542 W 223rd, Los Angeles, CA 90501
- $1,100,000
- 3
- BD
- 3
- BA
- 1,656
- SqFt
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- OC26113980
- Year Built
- 1920
- Bedrooms
- 3
- Bathrooms
- 3
- Living Sq. Ft
- 1,656
- Lot Size
- 6,681
- Acres
- 0.15
- Lot Location
- 0-1 Unit/Acre, Back Yard, Front Yard, Paved, Sprinkler System, Street Level, Yard
- Days on Market
- 24
- Property Type
- Single Family Residential
- Style
- Modern, Ranch
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property 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.
Additional Information
- Other Buildings
- Guest House Detached, Guest House
- Appliances
- Dishwasher, Gas Range, Microwave, Water Heater
- Pool Description
- None
- Heat
- Forced Air, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Central Air, Wall/Window Unit(s), Zoned
- View
- City Lights, Neighborhood
- Exterior Construction
- Stucco
- Patio
- Front Porch
- Roof
- Common Roof, Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- Los Angeles Unified
- Interior Features
- Ceiling Fan(s), Ceramic Counters, Separate/Formal Dining Room, Eat-in Kitchen, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Attached Structure
- Detached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Lionel Franklin (LP@Franklinrealestategroup.com) from Listing Office: Keller Williams Realty Irvine.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.