1541 W 224th ST, Torrance, CA 90501
1541 W 224th ST, Torrance, CA 90501
1541 W 224th ST, Torrance, CA 90501
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Listed by Gilbert Gutierrez, DRE #02022002 • ClearThink Homes
$950,000
Est. payment /mo
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6 Beds
3 Baths
2,558 SqFt
Active

1541 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 Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,558 sqft

Price per Sqft $371

MLS Listing ID CRPW26112719

Style Cottage

Bedrooms 6

Full Baths 3

Year Built 1961

Lot Size 7,202 Sqft

Property Sub-Type Triplex

Source California Regional MLS

Property Description

PACKAGE SALE - Both properties must close concurrently. Combined asking price: $1,800,000. 1541 W 224th St, (MLS# PW26112719) must be purchased together with 1535 W 224th St (MLS# PW26112707). 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 from $2,300 to $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 ren

Location

State CA

County Los Angeles

Area 122 - Harbor Gateway

Zoning LARD2

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, Wall Furnace

Cooling Other

Fireplaces Type None

Laundry Gas Hookup, In Kitchen, 30, Other, Washer, Stacked Only, Dryer

Exterior

Parking Features Assigned Spaces, Gate / Door Opener, Other, Side By Side

Fence Wood

Pool 31, None

View None

Roof Type Shingle

Building

Story One Story

Water Hot Water, Heater - Gas, District - Public

Architectural Style Cottage

Others

Tax ID 7347002031

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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1541 W 224th ST