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.
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Zillow last checked:
Listing updated:
Listed by:
Lionel FranklinDRE #01730363714-580-1047,
Keller Williams Realty Irvine
Source: CRMLS,MLS#: OC26113977Originating 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
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: $680,421
Annual tax amount: $8,626
Date on market: 7/3/2026
Cumulative days on market: 22 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
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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