See all 18 photos
18 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,100,000
Est. payment /mo
3 Beds
3 Baths
6,681 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26139951
Bedrooms 3
Lot Size 6,681 Sqft
Property Sub-Type Res Income 2-4 Units
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 convenien
Location
State CA
County Los Angeles
Zoning Public Rec
Direction From Western Ave, head west on W 223rd St. The property will be located on your right.
Interior
Heating Forced Air Unit
Cooling Central Forced Air, Wall/Window, Zoned Area(s)
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7347002008
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, Land Contract, VA
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, Land Contract, VA
Read Less Info
Listed by Lionel Franklin, DRE#01730363 Keller Williams Realty Irvine
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION