Property listed by Keller Williams Realty Irvine, Lionel Franklin 714-580-1047

$1,000,000

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… Read More 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. Read Less

Listing Snapshot

Days Online

Last Updated

Sep 1, 2026

Property Type

Duplex

Lot Size

0.15 Acres

Year Built

1947

MLS Number

OC26139958

Additional Details

Property Access

Frontage Type: CityStreet, Road Surface: Paved

Appliances & Equipment

GasOven, GasRange

Building

Built in 1947, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: Front Door, Construction Materials: Stucco

Community

StreetLights, Sidewalks

Cooling

Ductless, WallWindowUnits, Zoned

Accessibility Features

SafeEmergencyEgressFromHome, GrabBars, NoStairs, Parking

Expenses

Insurance: $1,500, Maintenance: $1,500, Operating: $3,000

Fence

Block, Privacy, WroughtIron

Fireplaces

None

Floors

Laminate, Vinyl, Wood

Heating

Central, WallFurnace

Home Owner's Association

Association Fee: $0

Income

Gross Income: $57,000, Gross ScheduledIncome: $57,000, Net Operating Income: $54,000

Interior Features

OpenFloorplan, StoneCounters, TileCounters, Unfurnished, AllBedroomsDown

Laundry

WasherHookup, GasDryerHookup

Lot

0.1534 acres, ZeroToOneUnitAcre, FrontYard, Lawn

Parking

DrivewayLevel, Driveway, Garage, OnSite, Oversized, Paved, PullThrough, RvAccessParking

Pool

None

Property

CityLights, Neighborhood

Roof

CommonRoof, Shingle

Sewer

PublicSewer

Taxes

Additional parcels description:, Parcel Number: 7347002007, Lot: 233

Tenant Pays

AllUtilities

Utilities

CableAvailable, ElectricityAvailable, SewerAvailable, WaterAvailable, Water Source: Public, Standard, 2 separate electric meters

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