1542 W 223rd, Torrance, CA 90501

• 1,656 sqft

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.

Listing Status:

Active

Date Added:

July 3, 2026

Data Last Updated:

July 4, 2026 at 11:21PM

Listing Office:

Keller Williams Realty Irvine : 949-861-8000

Listing Agent:

Lionel Franklin : 714-580-1047

MLS ID:

OC26139951

Interior

• General: Ceiling Fan(s)Ceramic CountersGranite CountersHigh CeilingsOpen FloorplanRecessed LightingAll Bedrooms DownBedroom on Main LevelMain Level Primary
• Appliances: DishwasherGas RangeMicrowaveWater Heater
• Laundry: Washer HookupGas Dryer HookupOutside
• Flooring: TileVinylWood
• A/C: Central AirWall/Window Unit(s)Zoned
• Heating: Forced AirWall Furnace
• Fireplace: None
• Disability Feature: Safe Emergency Egress from HomeAccessible Approach with Ramp

Exterior

• General: Guest House DetachedGuest House
• Style: ModernRanch
• Other Structures: Guest House DetachedGuest House
• Pool: None
• Parking: ConcreteDriveway LevelDrivewayGatedOff StreetPavedPull-throughRV Access/ParkingParking spaces: 2

Construction

• Roofing: Common RoofShingle
• General: Stucco1

Location

• Road/Access: City Street
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 7347002008
• View: City LightsNeighborhoodView
• Fencing: PrivacyWrought Iron

Utilities

• Utilities: Cable AvailableElectricity AvailableSewer AvailableWater AvailableStandard
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM