Five-Unit Multifamily
For Sale
$799,888
1535 W 224th Street, Torrance, CA 90501
Two adjacent LARD2-zoned parcels offer upgraded interiors and direct access to the 110 Freeway.
Property Size1,596 SF
Lot Size0.33 Acres
Days on Market94
Property Features for 1535 W 224th Street
General Information
Standard status
Active
Size
1,596 SF
Lot size
0.33 Acres
Property subtype
Duplex
Zoning
LARD2
Additional Details
Average Monthly Rent
$1,740
Highway Access
Yes
Multifamily Units
5
Building Details
Building Size
1,596 SF
Year Built
1961
Buildings
2
Tenancy
Multi
Listing Agency:
ClearThink Homes
(714) 861-5500
Listed By:
Gilbert Gutierrez · License #02022002
Source:
2buy
Added: May 31
Changed: Aug 20
Last Checked: Aug 30 at 10:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ClearThink Homes
Investment Insights
Based on property information with market context.
This multifamily offering combines two adjacent residential parcels totaling 14,402 square feet. The portfolio includes a three-unit building with 6 BR and 3 BA across 2,558 square feet, plus a two-unit building with 4 BR and 2 BA across 1,596 square feet. Both structures were built in 1961 and are described as well-maintained. Interior improvements across several units include remodeled bathrooms, updated kitchens with new cabinetry and quartz countertops, subfloor plumbing work, and new flooring.
Each parcel has its own APN and is zoned LARD2. The properties are being offered as a package and must close concurrently. Four of the five tenants have occupied their units for more than 10 years. The location provides direct access to the 110 Freeway, with proximity to the Port of LA, the South Bay employment corridor, Downtown Los Angeles, and Harbor-UCLA Medical Center.
Each parcel has its own APN and is zoned LARD2. The properties are being offered as a package and must close concurrently. Four of the five tenants have occupied their units for more than 10 years. The location provides direct access to the 110 Freeway, with proximity to the Port of LA, the South Bay employment corridor, Downtown Los Angeles, and Harbor-UCLA Medical Center.
Key Highlights
- Five total units across two adjacent parcels totaling 14,402 sq ft
- Triplex includes 6 BR, 3 BA, and 2,558 sq ft; duplex includes 4 BR, 2 BA, and 1,596 sq ft
- Both buildings constructed in 1961; each parcel has its own APN
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 90501, CA
43,990
Population
15,867
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
7,718
Density / Sq Mi
$92,815
Median Household Income
$43,526
Median Earnings
$1,868
Median Rent
$887,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two adjacent LARD2-zoned parcels offer upgraded interiors and direct access to the 110 Freeway.
Where is this multifamily property located?
The property is located at 1535 W 224th Street Torrance, CA.
What is the asking price?
The asking price for this property is $799,888.
What are key features of this property?
This property features: Five total units across two adjacent parcels totaling 14,402 sq ft; Triplex includes 6 BR, 3 BA, and 2,558 sq ft; duplex includes 4 BR, 2 BA, and 1,596 sq ft; Both buildings constructed in 1961; each parcel has its own APN
