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$1,100,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,656 Sq. Ft.
  • Updated 2 hours ago
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Welcome to 1542 W 223rd Street, a rare 3-unit South Bay opportunity offering current income, flexible living options, and long-term upside in the heart of Torrance. Situated on an approximately 6,681 square foot lot, the property includes three separate living spaces: a front 2-bedroom, 1-bath residence, a middle 1-bedroom, 1-bath ADU, and a rear studio with 1 bathroom. Together, the property generates $6,800 per month and $81,600 in annual gross income, with all tenants currently month-to-month and current on rent. The front house is rented for $2,750 per month, the middle ADU is rented for $2,350 per month, and the rear studio is rented for $1,700 per month. With separate entrances, updated interiors, brand new split A/C units in all three spaces, and laundry inside the front and middle units, this property offers immediate income with room to grow. The layout creates multiple possibilities for investors, owner-users, extended families, and buyers seeking flexibility. Continue leasing all three units, live in one and rent the others, create a multigenerational setup, or explore future options to improve, expand, or reposition the property. The rear unit is noted as a legal game/bonus room, and ownership has explored SB-9 possibilities, adding another layer of long-term upside. The opportunity becomes even more compelling with neighboring 1546 W 223rd Street also available, creating a rare chance to acquire side-by-side parcels in Torrance for scale, future planning, portfolio growth, or a larger South Bay footprint. Located just north of Sepulveda Boulevard with convenient access to the 110, 405, and 91 freeways, the property offers strong connectivity to employment centers, shopping, dining, schools, beaches, and surrounding South Bay communities. Three income streams, multiple possibilities, and a prime Torrance location make 1542 W 223rd Street an opportunity worth seeing.

Full Property Details for 1542 W 223rd

General

  • Price: $1,100,000
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: OC26113980
  • Updated: 7/4/2026
  • Added to Site: 1 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom
  • Interior Features: Ceramic Counters, High Ceilings, Ceiling Fan(s), Recessed Lighting, Open Floorplan, Granite Counters
  • Fireplace(s): None
  • Eating Areas: Family Kitchen, In Living Room, Dining Room, In Kitchen, In Family Room, Area
  • Appliances: Water Heater, Microwave, Gas Range, Dishwasher
  • Flooring: Tile, Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Gas Dryer Hookup, Washer Hookup, Outside

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Front Porch

Parking

  • Parking: Pull-Through, Concrete, Off-Street, Gated, Paved, RV Access/Parking, Driveway Level, Driveway

Location

  • County: Los Angeles
  • Driving Directions: From Western Ave, head west on W 223rd St. The property will be located on your right.

School Information

  • School District: Los Angeles Unified

Community

  • Community Features: Street Lights, Sidewalks, Suburban

Heating & Cooling

  • Cooling Type: Central Air, Wall/Window Unit(s), Zoned
  • Heating Type: Forced Air, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Modern, Ranch
  • Structure Type: Single Family Residence
  • Construction: Stucco
  • Foundation: Raised, Slab
  • Roof: Common Roof, Shingle
  • Common Walls: No Common Walls
  • Disability Access: 2 or More Accessible Exits, Main-Level Ramp
  • Entry Location: Front Door
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 1,656
  • Sq. Ft. Source: Estimated
  • Year Built: 1920
  • Year Built Source: Public Records

Additional Structures

  • Other Structures: Guesthouse, Guest House Detached

Lot Features

  • Property View: City Lights, Neighborhood
  • Lot Size (Acres): 0.1534
  • Lot Size (Sq. Ft.): 6,681
  • Lot Size Source: Assessor
  • Irrigation System: Sprinkler System
  • Zoning: LAR1
  • Lot Description: Level with Street, Paved, Lot 6500-9999, 0-1 Unit/Acre, Front Yard, Sprinkler System, Back Yard, Yard
  • Fencing (Description): Privacy, Wrought Iron

Financial Considerations

  • Price Per Sq. Ft.: $664.25

Disclosures and Reports

  • Special Conditions: Standard

Listed by Keller Williams Realty Irvine, Lionel Franklin

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Listing agent

— 1542 W 223rd —

  • Lionel Franklin

    Keller Williams Realty Irvine

714-580-1047

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 1542 W 223rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/03/2026
Listed
$1,100,000
120%
MLS
10/21/2022
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1542 W 223rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,602
1%
$762,613
2%
2024
$9,487
2%
$747,660
2%
2023
$9,305
531%
$733,000
712%
2022
$1,475
2%
$90,287
2%
2021
$1,451
—
$88,517
1%
2020
$1,457
3%
$87,611
2%
2019
$1,412
11%
$85,894
2%
2018
$1,273
2%
$84,210
2%
2017
$1,243
3%
$82,560
2%
2016
$1,204
2%
$80,943
2%
2015
$1,184
-1%
$79,728
2%
2014
$1,191
—
$78,168
—
2013
$1,186
—
$77,815
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Keller Williams Realty Irvine, Lionel Franklin

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1542 W 223rd, Torrance, CA 90501 (MLS# OC26113980) is a Single Family property with 2 bedrooms and 1 full bathroom. 1542 W 223rd is currently listed for $1,100,000 and was received on July 03, 2026. Want to learn more about 1542 W 223rd? Do you have questions about finding other Single Family real estate for sale in Torrance? You can browse all Torrance real estate or contact a Coldwell Banker agent to request more information.

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