1542 W 223rd, Los Angeles, CA 90501
1542 W 223rd, Los Angeles, CA 90501
1542 W 223rd, Los Angeles, CA 90501
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,100,000
Est. payment /mo
6,682 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26139951

HOA Y/N No

Year Built 1920

Lot Size 6,682 Sqft

Property Sub-Type Triplex

Property Description

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.

Location

State CA

County Los Angeles

Area 122 - Harbor Gateway

Rooms

Other Rooms Guest House Detached, Guest House

Interior

Interior Features Ceiling Fan(s), Ceramic Counters, 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

Garage Spaces 2.0

Garage Description 2.0

Fence Privacy, Wrought Iron

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban

Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available

View Y/N Yes

View City Lights, Neighborhood

Roof Type Common Roof,Shingle

Accessibility Safe Emergency Egress from Home, Accessible Approach with Ramp

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Paved, Sprinkler System, Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Modern, Ranch

Level or Stories One

Additional Building Guest House Detached, Guest House

New Construction No

Others

Senior Community No

Tax ID 7347002008

Acceptable Financing Cash, 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, 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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Listed by Lionel Franklin Keller Williams Realty Irvine 714-580-1047, DRE #01730363

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA, 93036, USA

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