1542 W 223rd Street, Torrance, CA 90501
Local realty services provided by:ERA Excel Realty
1542 W 223rd Street,Torrance, CA 90501
$1,200,000
- 4 Beds
- 2 Baths
- 1,556 sq. ft.
- Multi-family
- Active
Listed by: oscar diaz
Office: marcus & millichap
MLS#:25594163
Source:CRMLS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$771.21
About this home
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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Home facts
- Year built:1920
- Listing ID #:25594163
- Added:57 day(s) ago
- Updated:November 15, 2025 at 03:20 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Living area:1,556 sq. ft.
Structure and exterior
- Year built:1920
- Building area:1,556 sq. ft.
- Lot area:0.15 Acres
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$771.21
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