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$1,000,000
Est. payment /mo
3 Beds
2 Baths
6,682 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 OC26139958
Bedrooms 3
Lot Size 6,682 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 1546 W 223rd Street, a rare South Bay opportunity offering current income, long-term upside, and incredible flexibility in the heart of Torrance. Situated on an approximately 6,680 square foot lot, this unique two-home property features a front 2-bedroom, 1-bath residence along with a separate legal permitted ADU/back house addressed as 1548 W 223rd Street, offering 1 bedroom and 1 bathroom. With two separate living spaces on one lot, this property opens the door to endless possibilities for investors, owner-users, extended families, and buyers looking to create lasting value. The front house is currently rented for $2,650 per month, while the back ADU is rented for $2,150 per month, generating a combined $4,800 per month and $57,600 in annual gross income. Whether you continue leasing both units, live in one and rent the other, create a multigenerational setup, or enhance the property over time, this asset gives buyers options today and opportunity for tomorrow. The front residence offers a functional 2-bedroom layout, dedicated laundry room, and comfortable living spaces, while the newer back ADU provides a private separate living environment with its own identity and income stream. The shared driveway, separate electric meters, and two-structure layout create a practical setup for long-term rental use, flexible ownership, and future value-add potential. The opportunity becomes even more compelling with the neighboring property at 1542 W 223rd Street also available, creating the rare chance to acquire side-by-side parcels in Torrance. For buyers thinking bigger
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Between Harvard Blvd and Denker Avenue
Interior
Cooling 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 7347002007
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, Land Contract, VA
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, Land Contract, VA
Virtual Tour https://youtu.be/q0CcOJRtRqU
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Listed by Lionel Franklin, DRE#01730363 Keller Williams Realty Irvine
Nearby School & Business
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