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    Two-Lot Multifamily Value-Add Package Title is generated by Realmo AI

    1535 W 224th Street, Torrance, CA 90501

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    For Sale
    $850,000

    Cottage, Duplex - Torrance, CA

    Type:Duplex
    Property size:
    1,596 SF
    Lot size:
    7,200.00 Acres
    Price / SF:
    $532/SF
    Added:
    May 31, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 12 at 1:06 am

    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 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Parking
    13
    Parking features
    Assigned, Driveway, Paved or Surfaced, Side by Side
    Interior features
    Quartz Counters, Ceiling Fan(s), Doors - Swing In, Carbon Monoxide Detector(s), Fire And Smoke Detection System
    Exterior features
    Fence, Community Features Included: Curbs, Street Lights, Storm Drains, Sidewalks, 0-1 Unit/Acre
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Oven - Gas, Range, Range - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    7347002030
    Size
    1,596 SF
    Lot size
    7,200.00 Acres

    Building Details

    Year built
    1961
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Stucco, Wood Siding
    Roof type
    Shingle
    Architectural style
    Cottage

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    Listing Contact
    Gilbert Gutierrez

    Listing agent Gilbert Gutierrez License #02022002

    Listing office ClearThink Homes 7171 WARNER AVE STE B, Huntington Beach, CA

    Listing date May 31, 2026

    MLS# PW26108833 Listing URL

    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.

    HighLights

    • Two adjacent parcels totaling 14,402 SF zoned LARD2; 1541 W 224th St includes a 3‑unit triplex and 1535 W 224th St includes a 2‑unit duplex
    • Both properties built in 1961 and described as well‑maintained, offering a combined 5‑unit residential rental portfolio
    • Current blended rent averages $1,740/mo per unit with market rents around $2,300/mo; LA City RSO rents governed by 3% annually for 2026
    • Several unit upgrades including bathroom remodels, kitchen improvements with new cabinetry and quartz countertops, subfloor plumbing, and new flooring throughout
    • ADU potential supported by combined 14,402 SF LARD2 zoning; Harbor Gateway ADU rents currently range $2,300–$2,600/mo
    • Direct 110 Fwy access with minutes to Port of LA, South Bay employment corridor, Downtown Los Angeles, and short distance to Harbor‑UCLA Medical Center

    Overview

    This package includes two adjacent residential income properties sold concurrently. Together they total five units on two separately deeded lots totaling 14,402 square feet and zoned LARD2. 1541 W 224th St is a 3-unit triplex built in 1961 with 6 bedrooms and 3 bathrooms totaling 2,558 square feet. 1535 W 224th St is a 2-unit duplex built in 1961 with 4 bedrooms and 2 bathrooms totaling 1,596 square feet. The properties are described as well-maintained, with several units receiving interior upgrades including bathroom remodels, kitchen improvements with new cabinetry and quartz countertops, subfloor plumbing, and new flooring throughout.

    The offering is positioned for convenient access with direct 110 Fwy access. It is described as being minutes to the Port of LA, the South Bay employment corridor, and Downtown Los Angeles, and short distance from Harbor-UCLA Medical Center.

    The LARD2 zoning supports multiple additional dwelling units under CA state law, and the remarks cite current ADU rent ranges of $2,300 to $2,600 per month. The properties’ current blended rent averages $1,740 per month per unit, with rents governed by the LA City RSO at 3% annually for 2026, and the package is presented with multiple exit strategies including holding as a combined portfolio, developing additional units, or selling each parcel individually once stabilized. Package sale requires both properties to close together and tenants not be disturbed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.3050603
    Latitude
    33.8234624

    FAQs

    What type of property is this?
    Duplex - Five units across two adjacent lots with LARD2 zoning and interior upgrades, offered as a concurrent close package.
    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 adjacent parcels totaling 14,402 SF zoned LARD2; 1541 W 224th St includes a 3‑unit triplex and 1535 W 224th St includes a 2‑unit duplex; Both properties built in 1961 and described as well‑maintained, offering a combined 5‑unit residential rental portfolio; Current blended rent averages $1,740/mo per unit with market rents around $2,300/mo; LA City RSO rents governed by 3% annually for 2026
    More about this property
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