Welcome to 1546 W 223rd Street, a rare South Bay opportunity offering current income, long-term upside, and incredible flexibility in the heart of Torrance. Situated on an approximately 6,680 square foot lot, this unique two-home property features a front 2-bedroom, 1-bath residence along with a separate legal permitted ADU/back house addressed as 1548 W 223rd Street, offering 1 bedroom and 1 bathroom. With two separate living spaces on one lot, this property opens the door to endless possibilities for investors, owner-users, extended families, and buyers looking to create lasting value.
The front house is currently rented for $2,650 per month, while the back ADU is rented for $2,150 per month, generating a combined $4,800 per month and $57,600 in annual gross income. Whether you continue leasing both units, live in one and rent the other, create a multigenerational setup, or enhance the property over time, this asset gives buyers options today and opportunity for tomorrow.
The front residence offers a functional 2-bedroom layout, dedicated laundry room, and comfortable living spaces, while the newer back ADU provides a private separate living environment with its own identity and income stream. The shared driveway, separate electric meters, and two-structure layout create a practical setup for long-term rental use, flexible ownership, and future value-add potential.
The opportunity becomes even more compelling with the neighboring property at 1542 W 223rd Street also available, creating the rare chance to acquire side-by-side parcels in Torrance. For buyers thinking bigger, this opens the door to scale, portfolio growth, family compound possibilities, income expansion, or a long-term hold strategy.
Perfectly positioned just north of Sepulveda Boulevard with convenient access to the 110, 405, and 91 freeways, the property offers connectivity to major employment centers, shopping, dining, schools, beaches, and surrounding South Bay communities. Torrance remains one of Southern California’s most sought-after rental and ownership markets, making this a standout opportunity for buyers who understand location, flexibility, and income potential.
Whether you are searching for income, a live-and-rent opportunity, multigenerational living, or the chance to secure a rare Torrance asset with upside, 1546 W 223rd Street delivers. Don’t miss your chance to own a flexible two-home property in one of the South Bay’s strongest markets.
For sale
Listed by: Keller Williams Realty Irvine • Lionel Franklin • Contact: 714-580-1047
$1,000,000
1546 W 223rd St, Torrance, CA 90501
3beds
1,360sqft
Single Family Residence
Built in 1947
6,682 Square Feet Lot
$982,500 Zestimate®
$735/sqft
$-- HOA
What's special
- 67 days
- 228
- 6
Zillow last checked:
Listing updated:
Listed by:
Lionel Franklin DRE #01730363 714-580-1047,
Keller Williams Realty Irvine
Source: CRMLS,MLS#: OC26113977
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Family Room, Kitchen, Living Room
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Bathtub, Separate Shower, Tub Shower
Kitchen
- Features: Remodeled, Tile Counters, Updated Kitchen, Utility Sink
Heating
- Central, Wall Furnace
Cooling
- Ductless, Wall/Window Unit(s), Zoned
Appliances
- Included: Gas Oven, Gas Range
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Eat-in Kitchen, Open Floorplan, Stone Counters, Tile Counters, Unfurnished, All Bedrooms Down
- Flooring: Laminate, Vinyl, Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,360 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway Level, Driveway, Garage, On Site, Oversized, Paved, Pull-through, RV Access/Parking
Accessibility
- Accessibility features: Safe Emergency Egress from Home, Grab Bars, No Stairs, Parking
Features
- Levels: One
- Stories: 1
- Entry location: Front Door
- Patio & porch: Concrete, Enclosed, Front Porch
- Pool features: None
- Spa features: None
- Fencing: Block,Privacy,Wrought Iron
- Has view: Yes
- View description: City Lights, Neighborhood
Lot
- Size: 6,682 Square Feet
- Features: 0-1 Unit/Acre, Front Yard, Lawn
Details
- Parcel number: 7347002007
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Common Roof,Shingle
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Curbs, Street Lights, Sidewalks, Urban
- Security: Fire Detection System, Smoke Detector(s)
Location
- Region: Torrance
Financial & listing details
- Price per square foot: $735/sqft
- Tax assessed value: $694,029
- Date on market: 7/3/2026
- Cumulative days on market: 67 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
$982,500
$933,000 - $1.03M
$3,789/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/4/2026 | Listed for sale | $1,000,000-9.1%$735/sqft |
Source: | ||
| 3/13/2026 | Listing removed | $1,100,000$809/sqft |
Source: | ||
| 9/18/2025 | Listed for sale | $1,100,000+120%$809/sqft |
Source: | ||
| 8/1/2024 | Listing removed | -- |
Source: CRMLS #IN24143215 Report a problem | ||
| 7/12/2024 | Listed for rent | $2,700$2/sqft |
Source: CRMLS #IN24143215 Report a problem | ||
| 11/18/2022 | Sold | $500,000+11.1%$368/sqft |
Source: Public Record Report a problem | ||
| 10/10/2022 | Pending sale | $449,950+301.7%$331/sqft |
Source: | ||
| 7/1/1998 | Sold | $112,000+52.4%$82/sqft |
Source: Public Record Report a problem | ||
| 7/10/1997 | Sold | $73,500$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $694,029 +2% |
| 2025 | $8,626 +1.7% | $680,421 +2% |
| 2024 | $8,485 +2% | $667,080 +2% |
| 2023 | $8,322 +46.8% | $654,000 +46.6% |
| 2022 | $5,669 +0.8% | $446,205 +1.5% |
| 2021 | $5,626 -0.9% | $439,601 +1% |
| 2020 | $5,679 | $435,094 +2% |
| 2019 | $5,679 +6.5% | $426,564 +2% |
| 2018 | $5,334 | $418,200 +176.5% |
| 2017 | $5,334 +150.5% | $151,270 +2% |
| 2016 | $2,129 +2.5% | $148,305 +1.5% |
| 2015 | $2,077 +1% | $146,078 +2% |
| 2014 | $2,056 | $143,217 +2.5% |
| 2012 | -- | $139,776 +2% |
| 2011 | -- | $137,036 +0.8% |
| 2010 | -- | $136,013 -0.2% |
| 2009 | -- | $136,337 +2% |
| 2008 | -- | $133,665 +2% |
| 2007 | -- | $131,045 +2% |
| 2006 | -- | $128,477 |
| 2005 | -- | $128,477 +4% |
| 2004 | -- | $123,491 +1.9% |
| 2003 | -- | $121,229 +2% |
| 2002 | -- | $118,853 +4% |
| 2000 | -- | $114,240 |
Find assessor info on the county website
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Neighborhood: 90501
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