1535 W 224th ST, Torrance, CA 90501
1535 W 224th ST, Torrance, CA 90501
1535 W 224th ST, Torrance, CA 90501
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Listed by Gilbert Gutierrez, DRE #02022002 • ClearThink Homes
$799,888
Est. payment /mo
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7,200 Sqft Lot
Price Dropped by $50K

1535 W 224th ST Torrance, CA 90501

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Alex Kononoff

Alex Kononoff

+1(650) 207-5341

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26108833

Style Cottage

Year Built 1961

Lot Size 7,200 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

PACKAGE SALE - Both properties must close concurrently. 1541 W 224th St, (MLS# PW26112441) must be purchased together with 1535 W 224th St (MLS# PW26108833). Do not disturb tenants. 5-unit, two-parcel value-add opportunity in Harbor Gateway. Two adjacent lots totaling 14,402 sq ft zoned LARD2, each on its own APN. 1541 W 224th St is a 3-unit triplex (6 BR / 3 BA, 2,558 sq ft); 1535 W 224th St is a 2-unit duplex (4 BR / 2 BA, 1,596 sq ft). Both built 1961, well-maintained. RESIDENTIAL FINANCING: Each parcel is priced independently under $1,000,000 and qualifies for conventional residential financing on its own APN - no commercial loan required. Lower down payment, better rates, and access to a significantly larger lender pool. ADU POTENTIAL: Combined 14,402 sq ft LARD2 zoning supports multiple additional dwelling units under CA state law. Harbor Gateway ADU rents currently range $2,300-$2,600/mo, with each additional unit delivering meaningful income and asset value growth. RENT UPSIDE: Current blended rent averages $1,740/mo per unit against market rents of approximately $2,300/mo. Rents governed by LA City RSO - currently 3% annually for 2026 - providing steady, compounding income growth as units turn. At stabilized market rents: pro forma gross income approximately

Location

State CA

County Los Angeles

Area 122 - Harbor Gateway

Rooms

Kitchen Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Other, Oven - Self Cleaning, Exhaust Fan, Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Heating Multi Type

Cooling Other

Laundry In Kitchen, 30, Washer, Stacked Only, Dryer

Exterior

Parking Features Assigned Spaces, Private / Exclusive, Other, Side By Side, Uncovered Parking

Garage Spaces 13.0

Pool 31, None

View None

Roof Type Shingle

Building

Story One Story

Water Hot Water, District - Public

Architectural Style Cottage

Others

Tax ID 7347002030

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.
Alex Kononoff
Alex Kononoff

Agent License ID: 01387648

+1(650) 207-5341 | alexander.kononoff@exprealty.com

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1535 W 224th ST