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1542 W 223rd StreetTorrance, CA 90501

For Sale

$1,200,000

Smart Buyer Rebate $12,000

We are pleased to present 1542 W 223rd Street, a rare South Bay opportunity located in the heart of Torrance. Positioned just north of Sepulveda Boulevard with convenient access to the 110, 405, and 91 Freeways, the property offers excellent connectivity to major job centers, beaches, and lifestyle amenities across Los Angeles County. Situated on a 6,681 square foot parcel, 1542 W 223rd Street provides investors and owner-users alike with immediate functionality and future upside. The property includes a mix of (1) non-conforming studio, (1) 1 Bedroom/1 Bath, and (1) 2 Bedroom/1 Bath. Buyers may explore SB-9 eligibility for a potential lot split (Buyer to Verify) and the ability to add detached Accessory Dwelling Units (ADUs) (Buyer to Verify), creating long-term flexibility and additional income opportunities. The property is also available alongside 1546 W 223rd Street, allowing the rare chance to acquire two side-by-side parcels in Torrance for scale, future optionality, and value creation. Torrance continues to rank among the strongest rental and ownership markets in Southern California. The city features a majority renter population with a median household income exceeding $100,000, supporting stable rental demand and long-term performance. Proximity to California State University Dominguez Hills, El Camino College, and Los Angeles Harbor College further reinforces consistent tenant demand from students, faculty, and staff. Beyond its immediate strengths, Torrance stands to benefit from long-term growth tied to steady job creation, population expansion, and infrastructure improvements ahead of the 2028 Los Angeles Olympics. This global event is expected to increase visibility and investment across the South Bay, further bolstering rental demand and property values. 1542 W 223rd Street represents a versatile investment with multiple strategies: occupy the property as an owner-user, lease for consistent income, or combine with the adjacent parcel to unlock a larger footprint. In one of the South Bay's most supply-constrained and desirable locations, this property offers both stability today and upside for tomorrow.

Listed by Oscar Diaz

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License #02022902

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Marcus & Millichap

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213-943-1884

Last updated October 03, 2025

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Source: CRMLS #25594163

Listing Facts

  • TypeMulti-family
  • NeighborhoodGateway L.A.
  • Bedrooms4
  • Days on Prevu62
  • Size1,556 sqft
  • Price per sqft$771

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/29/2025
Status changed to Active
$1,200,000
10/22/2025
Status changed to Removed from Feed
$1,200,000
10/18/2025
Status changed to Active
$1,200,000
10/17/2025
Status changed to Removed from Feed
$1,200,000
10/04/2025
Status changed to Active
$1,200,000
10/04/2025
Status changed to Removed from Feed
$1,200,000
09/18/2025
Listed by Marcus & Millichap
$1,200,000

Property Details for 1542 W 223rd Street

Exterior

Construction

  • Number Of Units Total: 3
  • Stories: 1
  • Stories Total: 1
  • Year Built: 1920

Measurements

  • Building Area Total: 1,556
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,681
  • Lot Size Dimensions: 40,167
  • Lot Size Square Feet: 6,681
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $75,690.00

Taxes

  • Parcel Number: 7347002008

Interior

Measurements

  • Living Area: 1,556

Rooms

  • Bathrooms Total Integer: 2
  • Bedrooms Total: 4

Parking

Parking

  • Parking Total: 2

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.