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Triplex with Paved Open Parking
For Sale
$905,000

1617 W 224th St, Torrance, CA 90501

Residential Income, Torrance, CA

Property Size2,014 SF
Lot Size0.17 Acres
Price / SF$449.35
Days on Market257

Property Features for 1617 W 224th St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning LARD2
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1
Parking 10
Parking features Driveway
Directions 1 block east of Western Ave, 4 blocks north of Sepulveda Blvd
Subdivision Harbor Gateway
Standard status Active
APN 7347-001-022
Size 2,014 SF
Lot size 0.17 Acres

Building Details

Year built 1948
Floors in Building 1
Number of units 3
Listing Agency: Beverly & Company Luxury Properties
Listed By: Mick Avramovic · License #01894375
Added: Feb 1 Changed: Oct 8 Last Checked: Oct 16 at 6:06PM
MLS# 26646019

Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Triplex property on a flat 40x180 lot with a front single-family residence and a duplex in the back. The SFR features 3 bedrooms and 2 bathrooms and is approximately 1,014 SF, with wood and tile floors, an updated kitchen with dine-in area, tile counters, dishwasher, stove/oven, and refrigerator, aluminum windows, and a raised foundation with attic area for easier modifications.

The duplex includes two 1-bedroom, 1-bath units, each approximately 500 SF, with an efficient floor plan. All units are remodeled with newer kitchens, bathrooms, and flooring. Each unit has its own water heater, and there are separate gas and electric meters. Tenants pay for their own trash collection.

The area behind the front house is fully paved with concrete to support open parking for several cars and other vehicles. The property is a drive-way served, originally built in 1948, and is located in Torrance, CA within LARD2 zoning.

Key Highlights

  • LARD2 zoning with flat 40x180 lot layout for the front SFR and back duplex
  • Front home: 3 bed 2 bath, approx 1,014 SF with wood and tile floors and updated kitchen
  • Back duplex: two 1 bed 1 bath units, approx 500 SF each, remodeled kitchens and bathrooms

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Grocery & Convenience Store Food Market Real Estate Agency (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,841
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Triplex in LARD2 zoning with a 3-bedroom front house and two remodeled 1-bedroom units plus paved open parking.
Where is this multifamily property located?
The property is located at 1617 W 224th St Torrance, CA.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: LARD2 zoning with flat 40x180 lot layout for the front SFR and back duplex; Front home: 3 bed 2 bath, approx 1,014 SF with wood and tile floors and updated kitchen; Back duplex: two 1 bed 1 bath units, approx 500 SF each, remodeled kitchens and bathrooms
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