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.
Bedrooms
2
Bathrooms
1
Square Feet
1,656
Lot Size
6,681 sqft
Year Built
1920
Property Type
Single Family Residence
Days on Market
0
HOA Fee
N/A
Garage Total
0
MLS #
OC26113980
Interior Features
Ceiling Fans, Ceramic Counters, Separate Formal Dining Room, Eat In Kitchen, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, All Bedrooms Down, Bedroom On Main Level, Main Level Primary
Flooring
Tile, Vinyl, Wood
Accessibility
Safe Emergency Egress From Home, Accessible Approach With Ramp
Appliances
Dishwasher, Gas Range, Microwave, Water Heater
Laundry
Washer Hookup, Gas Dryer Hookup, Outside
Main Level Bedrooms
3
Main Level Bathrooms
3
Cooling
Central Air, Wall Window Units, Zoned
Heating
Forced Air, Wall Furnace
Parking Features
Concrete, Driveway Level, Driveway, Gated, Off Street, Paved, Pull Through, Rv Access Parking
Patio & Porch
Front Porch
Fencing
Privacy, Wrought Iron
Security
Fire Detection System, Smoke Detectors
Construction
Stucco
Foundation
Raised, Slab
Roof
Common Roof, Shingle
Lot Features
Zero To One Unit Acre, Back Yard, Front Yard, Paved, Sprinkler System, Street Level, Yard
Sewer
Public Sewer
Water Source
Public
Street Lights, Suburban, Sidewalks
$0
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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