1535 224th Street, Torrance, CA 90501

Torrance
Local realty services provided by:ERA Excel Realty
1535 224th Street,Torrance, CA 90501
$850,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: gilbert gutierrez
Office: clearthink homes
MLS#:PW26108833
Source:MLSListings

Price summary

  • Price:$850,000

About this home

PACKAGE SALE — Both properties must close concurrently. Combined asking price: $1,800,000. 1541 W 224th St, (MLS# PW26112441) must be purchased together with 1535 W 224th St (MLS# PW26108833). Do not disturb tenants. 5-unit, two-parcel value-add opportunity in Harbor Gateway. Two adjacent lots totaling 14,402 sq ft zoned LARD2, each on its own APN. 1541 W 224th St is a 3-unit triplex (6 BR / 3 BA, 2,558 sq ft); 1535 W 224th St is a 2-unit duplex (4 BR / 2 BA, 1,596 sq ft). Both built 1961, well-maintained. RESIDENTIAL FINANCING: Each parcel is priced independently under $1,000,000 and qualifies for conventional residential financing on its own APN — no commercial loan required. Lower down payment, better rates, and access to a significantly larger lender pool. ADU POTENTIAL: Combined 14,402 sq ft LARD2 zoning supports multiple additional dwelling units under CA state law. Harbor Gateway ADU rents currently range $2,300–$2,600/mo, with each additional unit delivering...

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Home facts

  • Year built:1961
  • Listing ID #:PW26108833
  • Added:51 day(s) ago
  • Updated:July 21, 2026 at 04:33 PM

Rooms and interior

  • Kitchen Description:Dishwasher, Garbage Disposal, Microwave, Refrigerator, Self Clean Oven

Heating and cooling

  • Heating:Multi Type

Structure and exterior

  • Roof:Shingle
  • Year built:1961
  • Lot area:0.17 Acres
  • Lot Features:Mid Block
  • Architectural Style:Cottage
  • Levels:1 Story

Utilities

  • Water:District - Public, Hot Water

Finances and disclosures

  • Price:$850,000

Features and amenities

  • Laundry features:Dryer, In Kitchen, Stacked Only, Washer
  • Amenities:Ceiling Fan(s), Central Fire Alarm

Parking

  • Parking description:Assigned Spaces, Other, Private Garage, Side By Side, Uncovered Parking
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