Value-Add 5-Unit Residential
1535 W 224th Street Torrance, CA 90501
For Sale
$850,000
MULTI_FAMILY - Cottage - Torrance, CA
Property Size4,154 SF
Lot Size0.17 Acres
Price / SF$204.62
Days on Market68
Property Features for 1535 W 224th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
LARD2
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Laundry Room, Bedroom 4, Bedroom 2, Bathroom 1, Kitchen, Bedroom 1, Bedroom 3
Parking
13
Parking features
Assigned, Covered, Side By Side, Driveway
Interior features
Quartz Counters, Ceiling Fan(s)
Appliances
Water Heater, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Gas Water Heater, Vented Exhaust Fan, Range Hood, Gas Range, Gas Oven, Dishwasher
Standard status
Active
APN
7347002030
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Wood Siding, Stucco
Roof type
Shingle
Architectural style
Cottage
Additional Structures
Storage
Listing Agency:
ClearThink Homes
(714) 794-5278
Listed By:
Gilbert Gutierrez · License #02022002
(714) 794-5278
Added: May 21
Changed: Jul 21
Last Checked: Jul 27 at 6:06PM
MLS# PW26108833
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Package sale includes two adjacent lots totaling 14,402 sq ft, each on its own APN and both zoned LARD2. The first property, 1541 W 224th St, is a 3-unit triplex with 6 bedrooms and 3 bathrooms, and the second property, 1535 W 224th St, is a 2-unit duplex with 4 bedrooms and 2 bathrooms. Both buildings were built in 1961 and are described as well-maintained.
Several units have received interior upgrades, including bathroom remodels, kitchen improvements with new cabinetry and quartz countertops, subfloor plumbing work, and new flooring throughout. The seller reports four of the five tenants have occupied for 10+ years.
Public remarks describe direct access to the 110 Fwy, with minutes to the Port of LA, the South Bay employment corridor, and Downtown Los Angeles, plus proximity to Harbor-UCLA Medical Center. The remarks further note ADU potential supported by the LARD2 zoning under CA state law and rental performance subject to LA City RSO, including a 3% annual increase noted for 2026.
Several units have received interior upgrades, including bathroom remodels, kitchen improvements with new cabinetry and quartz countertops, subfloor plumbing work, and new flooring throughout. The seller reports four of the five tenants have occupied for 10+ years.
Public remarks describe direct access to the 110 Fwy, with minutes to the Port of LA, the South Bay employment corridor, and Downtown Los Angeles, plus proximity to Harbor-UCLA Medical Center. The remarks further note ADU potential supported by the LARD2 zoning under CA state law and rental performance subject to LA City RSO, including a 3% annual increase noted for 2026.
Key Highlights
- Two‑lot package sale required: 1541 W 224th St (3‑unit triplex, 6 BR/3 BA, 2,558 sq ft) and 1535 W 224th St (2‑unit duplex, 4 BR/2 BA, 1,596 sq ft)
- Built in 1961; both properties are described as well‑maintained and remain on separate APNs
- Combined 14,402 sq ft of adjacent lots zoned LARD2, with ADU potential supporting multiple additional dwelling units under CA state law
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Five-unit residential income property on adjacent LARD2 parcels, built in 1961 and described as well-maintained.
Where is this duplex located?
The property is located at 1535 W 224th Street Torrance, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑lot package sale required: 1541 W 224th St (3‑unit triplex, 6 BR/3 BA, 2,558 sq ft) and 1535 W 224th St (2‑unit duplex, 4 BR/2 BA, 1,596 sq ft); Built in 1961; both properties are described as well‑maintained and remain on separate APNs; Combined 14,402 sq ft of adjacent lots zoned LARD2, with ADU potential supporting multiple additional dwelling units under CA state law
