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For sale
    • Listed by: Keller Williams Realty Irvine • Lionel Franklin • Contact: 714-580-1047
    $1,100,000

    1542 W 223rd St, Torrance, CA 90501

    3beds
    1,656sqft
    : 
    $6,953/mo
    Get pre-qualified
    Single Family Residence
    Built in 1920
    6,681 Square Feet Lot
    $1,078,500 Zestimate®
    $664/sqft
    $-- HOA

    What's special

    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.
    24 days
    |
    308
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lionel Franklin DRE #01730363 714-580-1047,

    Keller Williams Realty Irvine

    Source: CRMLS,MLS#: OC26113980MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Rooms
      • Room types: Bedroom, Kitchen, Living Room, Primary Bedroom, Dining Room
      Primary bedroom
      • Features: Main Level Primary
      Bedroom
      • Features: All Bedrooms Down
      Bedroom
      • Features: Bedroom on Main Level
      Bathroom
      • Features: Bathtub, Tub Shower
      Kitchen
      • Features: Stone Counters, Tile Counters
      Heating
      • Forced Air, Wall Furnace
      Cooling
      • Central Air, Wall/Window Unit(s), Zoned
      Appliances
      • Included: Dishwasher, Gas Range, Microwave, Water Heater
      • Laundry: Washer Hookup, Gas Dryer Hookup, Outside
      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
      • Flooring: Tile, Vinyl, Wood
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 1,656 sqft

      Property

      Parking
      • Parking features: Concrete, Driveway Level, Driveway, Gated, Off Street, Paved, Pull-through, RV Access/Parking
      Accessibility
      • Accessibility features: Safe Emergency Egress from Home, Accessible Approach with Ramp
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Front Door
      • Patio & porch: Front Porch
      • Pool features: None
      • Spa features: None
      • Fencing: Privacy,Wrought Iron
      • Has view: Yes
      • View description: City Lights, Neighborhood
      Lot
      • Size: 6,681 Square Feet
      • Features: 0-1 Unit/Acre, Back Yard, Front Yard, Paved, Sprinkler System, Street Level, Yard
      Details
      • Additional structures: Guest House Detached, Guest House
      • Parcel number: 7347002008
      • Zoning: LAR1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Modern,Ranch
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Foundation: Raised, Slab
      • Roof: Common Roof,Shingle
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Electric: Standard
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Street Lights, Suburban, Sidewalks
      • Security: Fire Detection System, Smoke Detector(s)
      Location
      • Region: Torrance

      Financial & listing details

      • Price per square foot: $664/sqft
      • Tax assessed value: $762,613
      • Annual tax amount: $9,602
      • Date on market: 7/3/2026
      • Cumulative days on market: 24 days
      • 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
      • Road surface type: Paved

        Estimated market value

        $1,078,500

        $1.02M - $1.13M

        $4,032/mo

        Price history

        DateEventPrice
        7/4/2026Listed for sale$1,100,000-8.3%$664/sqft
        Source: CRMLS #OC26139951 Report a problem
        3/13/2026Listing removed$1,200,000$725/sqft
        Source: CLAW #25594163 Report a problem
        9/18/2025Listed for sale$1,200,000+140%$725/sqft
        Source: CLAW #25594163 Report a problem
        3/16/2025Listing removed$2,150$1/sqft
        Source: CRMLS #IN24231864 Report a problem
        11/11/2024Listed for rent$2,150-20.4%$1/sqft
        Source: CRMLS #IN24231864 Report a problem
        7/30/2024Listing removed--
        Source: CRMLS #IN24142880 Report a problem
        7/12/2024Listed for rent$2,700$2/sqft
        Source: CRMLS #IN24142880 Report a problem
        11/17/2022Sold$500,000+11.1%$302/sqft
        Source: Public Record Report a problem
        10/10/2022Pending sale$449,950$272/sqft
        Source: CRMLS #SR22218153 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,602 +1.2%$762,613 +2%
        2024$9,487 +2%$747,660 +2%
        2023$9,305 +530.9%$733,000 +711.9%
        2022$1,475 +1.7%$90,287 +2%
        2021$1,451 -0.5%$88,517 +1%
        2020$1,457 $87,611 +2%
        2019$1,457 +14.5%$85,894 +2%
        2018$1,273 $84,210 +2%
        2017$1,273 +2.4%$82,560 +2%
        2016$1,243 +3.3%$80,943 +1.5%
        2015$1,204 +1%$79,728 +2%
        2014$1,191 $78,168 +2.5%
        2012-- $76,290 +2%
        2011-- $74,795 +0.8%
        2010-- $74,237 -0.2%
        2009-- $74,414 +2%
        2008-- $72,956 +2%
        2007-- $71,526 +2%
        2006-- $70,125
        2005-- $70,125 +4%
        2004-- $67,404 +1.9%
        2003-- $66,169 +2%
        2002-- $64,872 +10.5%
        2000-- $58,686
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 90501

        Getting around

        67 / 100
        Somewhat Walkable
        40 / 100
        Some Transit
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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