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About the Listing H04106 - SFRANLIO
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.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
OC26139951
Year Built
1920
Total Square Footage
1,656
Lot/Acreage
0.15
County
Los Angeles
Area
122 - Harbor Gateway
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances: Dishwasher, Gas Range, Microwave, Water Heater
- Air Cond: Central Air,Wall/Window Unit(s),Zoned
- Heating: Forced Air,Wall Furnace
- Fireplaces:
- Floor: Tile,Vinyl,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Ceramic Counters,Granite Counters,High Ceilings,Open Floorplan,Recessed Lighting,All Bedrooms Down,Bedroom on Main Level,Main Level Primary
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Front Yard,Paved,Sprinkler System,Street Level,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Common Roof,Shingle
- Others: Stucco,2+ Total Units,Has ADU
- Sewer: Public Sewer
- Parking Features: Concrete,Driveway Level,Driveway,Gated,Off Street,Paved,Pull-through,RV Access/Parking
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7347002008
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1542 W 223rd Torrance, CA 90501
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