No photo
1542 W 223rd Street Torrance, CA $ 1,200,000
1542 W 223rd Street
$ 1,200,000
Share Save

1542 W 223rd Street

Torrance, CA, 90501
$ 1,200,000
Bedrooms4 Baths1.0 Sq 1,556

Monthly Estimate*

$ 7,486

Listed by Marcus & Millichap
View a Virtual Tour

Multi-Family Home for sale in Torrance, CA

for $1,200,000 with 4 bedrooms and 1 full bath. This 1,556 square foot home was built in 1920 on a lot size of 0.1534.

We are pleased to present 1542 W 223rd Street, a rare South Bay opportunity located in the heart of Torrance. Positioned just north of Sepulveda Boulevard with convenient access to the 110, 405, and 91 Freeways, the property offers excellent connectivity to major job centers, beaches, and lifestyle amenities across Los Angeles County. Situated on a 6,681 square foot parcel, 1542 W 223rd Street provides investors and owner-users alike with immediate functionality and future upside. The property includes a mix of (1) non-conforming studio, (1) 1 Bedroom/1 Bath, and (1) 2 Bedroom/1 Bath. Buyers may explore SB-9 eligibility for a potential lot split (Buyer to Verify) and the ability to add detached Accessory Dwelling Units (ADUs) (Buyer to Verify), creating long-term flexibility and additional income opportunities. The property is also available alongside 1546 W 223rd Street, allowing the rare chance to acquire two side-by-side parcels in Torrance for scale, future optionality, and value creation. Torrance continues to rank among the strongest rental and ownership markets in Southern California. The city features a majority renter population with a median household income exceeding $100,000, supporting stable rental demand and long-term performance. Proximity to California State University Dominguez Hills, El Camino College, and Los Angeles Harbor College further reinforces consistent tenant demand from students, faculty, and staff. Beyond its immediate strengths, Torrance stands to benefit from long-term growth tied to steady job creation, population expansion, and infrastructure improvements ahead of the 2028 Los Angeles Olympics. This global event is expected to increase visibility and investment across the South Bay, further bolstering rental demand and property values. 1542 W 223rd Street represents a versatile investment with multiple strategies: occupy the property as an owner-user, lease for consistent income, or combine with the adjacent parcel to unlock a larger footprint. In one of the South Bay's most supply-constrained and desirable locations, this property offers both stability today and upside for tomorrow.

See more

Multi-Family Active

Price

$ 1,200,000

Bedrooms

4

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1534

Year Built

1920

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

25594163

Days on Market

97

Features
General
Living Area 1556
Zoning LAR1
Year Built 1920
Stories Count 1
Levels One
Gross Income 75690
County Los Angeles
Net Operating Income 53065
New Construction 0
Property Type Residential Income
HOA 0
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions To reach 1542 W 223rd St Torrance from the I-405 and I-110 freeway junction take I-405 S toward Long Beach. Exit at Wilmington Ave and head south. Turn right onto W 223rd St continue west and the destination will be on your left.
City Torrance
Senior Community Y/N 0
Number Of Units Total 3
MLS Area 122 - Harbor Gateway
Lot Size Units Square Feet
Lot Size Square Feet 6681
Standard Status Active
See more
Interior
Total Stories 1
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 4
Total Baths 2
See more
Exterior
Total Parking 2
Lot Size Area 6681
Number of Buildings 1
Building Area Total 1556
Lot Dimensions 40x167
Lot Size Acres 0.1534
See more
* Excluded Features
List By
Marcus & Millichap

Broker

Oscar.Diaz@marcusmillichap.com

Email

Affordability Calculator

$7,486
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,200,000 Listed Price

Map


See all

1542 W 223rd Street, Torrance, CA, 90501 is a Multi-Family Home for sale at $1,200,000 with 1,556 sqft and a lot size of 0.1534. 1542 W 223rd Street has 4 bedrooms, 1.0 baths, and was built in 1920. The property's zip code is 90501 which is in Torrance, CA