1542 West 223rd Street Torrance, CA $ 1,200,000
1542 West 223rd Street
$ 1,200,000
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1542 West 223rd Street

Torrance, CA, 90501
$ 1,200,000
Baths0.0 Sq 1,556

Monthly Estimate*

$ 7,486

1542 West 223rd Street, Torrance, CA 90501 - Image 1
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1542 West 223rd Street, Torrance, CA 90501 - Image 8
Studio

Multi-Family Home for sale in Torrance, CA

for $1,200,000. This 1,556 square foot home was built in 1920 on a lot size of 0.15.

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.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.15

Year Built

1920

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

0025594163

Features
General
Living Area 1556.0
Zoning LAR1
Year Built 1920
Levels One
County Los Angeles
Net Operating Income 53065.0
New Construction No
Property Type C
HOA No
Status Active
City Torrance
Senior Community Y/N No
MLS Area 122 - Harbor Gateway
Lot Size Units Square Feet
Lot Size Square Feet 6681.0
Standard Status Active
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Exterior
Lot Size Area 6681.0
Pool Y/N? Yes
Building Area Total 1556.0
Lot Dimensions 40x167
Lot Size Acres 0.15
Land Lease Type Fee
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Interior
Total Stories 1
Total Baths 0
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* Excluded Features
List By
Oscar Diaz

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$7,486
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
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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.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/18/2025$1,200,000 Listed Price

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1542 West 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 0.15. 1542 West 223rd Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 90501 which is in Torrance, CA