1546 W 223rd St - Multi-Family FOR SALE


Torrance, CA 90501- Harbor
$1,100,000 USD
909-827-0687
1546 W 223rd St, Torrance, CA for Sale
$1,100,000 USD
Multi-Family - FOR SALE
1/7
null | 3.4% Cap Rate

1546 W 223rd St
Torrance, CA 90501
Harbor


HIGHLIGHTS

  • The property includes a mix of (2) 2 Bedroom/1 Bath units.
  • Attractive fit for both an investor seeking cash flow and an owner-occupier who wants to live on-site while generating rental income.
  • Ability to purchase together with 1542 W 223rd Street —two adjacent parcels that enhance scale, flexibility, and long-term value.

OVERVIEW

Marcus & Millichap is pleased to present 1546 W 223rd Street, a rare South Bay opportunity located in the heart of Torrance. Positioned just north of Sepulveda Boulevard with convenient access to the 110, 405, and 91 Freeways, the property offers excellent connectivity to major job centers, beaches, and lifestyle amenities across Los Angeles County. Situated on a 6,680 square foot parcel, 1546 W 223rd Street provides investors and owner-users alike with immediate functionality and future upside. The property includes a mix of (2) 2 Bedroom/1 Bath units. Buyers may explore SB-9 eligibility for a potential lot split (Buyer to Verify) and the ability to add detached Accessory Dwelling Units (ADUs) (Buyer to Verify), creating long-term flexibility and additional income opportunities. The property is also available alongside 1542 W 223rdStreet, allowing the rare chance to acquire two side-by-side parcels in Torrance for scale, future optionality, and value creation. Torrance continues to rank among the strongest rental and ownership markets in Southern California. The city features a majority renter population with a median household income exceeding $100,000, supporting stable rental demand and long-term performance. Proximity to California State University Dominguez Hills, El Camino College, and Los Angeles Harbor College further reinforces consistent tenant demand from students, faculty, and staff. Beyond its immediate strengths, Torrance stands to benefit from long-term growth tied to steady job creation, population expansion, and infrastructure improvements ahead of the 2028 Los Angeles Olympics. This global event is expected to increase visibility and investment across the South Bay, further bolstering rental demand and property values. 1546 W 223rd Street represents a versatile investment with multiple strategies: occupy the property as an owner-user, lease for consistent income, or combine with the adjacent parcel to unlock a larger footprint. In one of the South Bay's most supply-constrained and desirable locations, this property offers both stability today and upside for tomorrow.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$809 USD /SF

# OF UNITS

2

PRICE/UNIT

$550,000

CAP RATE

3.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7347-002-007

ASK ABOUT THIS PROPERTY

Sebastian DiazMarcus & MillichapMore Info
909-827-0687

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Sebastian DiazMarcus & MillichapMore Info
909-827-0687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.