2 Beds
1 Bath
1,656 SqFt
2 Beds
1 Bath
1,656 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,656 sqft
Price per Sqft $664
MLS Listing ID OC26113980
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1920
Lot Size 6,682 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LAR1
Rooms
Other Rooms Guest House Detached, Guest House
Main Level Bedrooms 3
Interior
Interior Features Ceiling Fan(s), 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
Heating Forced Air, Wall Furnace
Cooling Central Air, Wall/Window Unit(s), Zoned
Flooring Tile, Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Range, Microwave, Water Heater
Laundry Washer Hookup, Gas Dryer Hookup, Outside
Exterior
Parking Features Concrete, Driveway Level, Driveway, Gated, Off Street, Paved, Pull-through, RV Access/Parking
Fence Privacy, Wrought Iron
Pool None
Community Features Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Roof Type Common Roof,Shingle
Accessibility Safe Emergency Egress from Home, Accessible Approach with Ramp
Porch Front Porch
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Paved, Sprinkler System, Street Level, Yard
Dwelling Type House
Story 1
Entry Level One
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Modern, Ranch
Level or Stories One
Additional Building Guest House Detached, Guest House
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 7347002008
Security Features Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan, VA No Loan, VA No No Loan
Listing Terms Cash, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan, VA No Loan, VA No No Loan
Special Listing Condition Standard
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