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1535 W 224th St
Torrance, CA 90501
Listing agent / office Gilbert Gutierrez, Clearthink Homes (714-794-5278).
For more information on this listing, contact us at: (310) 736-8484
Active
$799,888
1535 W 224th St Torrance, CA 90501
Duplex
Property Type
4
Beds
2
Baths
1,596
Sq. Ft.
1961
Year Built
Los Angeles
County
PACKAGE SALE Both properties must close concurrently. 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 rents: pro forma gross income approximately $141,600/yr and pro forma NOI exceeding $99,500/yr, no ADUs required.
MULTIPLE EXIT STRATEGIES: Hold as a stabilized combined portfolio. Develop ADUs to maximize NOI and asset value. Sell parcels individually once stabilized each independently financeable. Phased development across two lots.
PROPERTY CONDITION: Several units have received interior upgrades, including bathroom remodels, kitchen improvements (new cabinetry and quartz countertops), subfloor plumbing, and new flooring throughout. Four of five tenants have occupied 10+ years stable cash flow from day one.
Direct 110 Fwy access. Minutes to the Port of LA, South Bay employment corridor, and Downtown Los Angeles. Short distance from Harbor-UCLA Medical Center site of LA County's largest-ever healthcare capital project, a $1.7 billion replacement and expansion currently under construction.
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 rents: pro forma gross income approximately $141,600/yr and pro forma NOI exceeding $99,500/yr, no ADUs required.
MULTIPLE EXIT STRATEGIES: Hold as a stabilized combined portfolio. Develop ADUs to maximize NOI and asset value. Sell parcels individually once stabilized each independently financeable. Phased development across two lots.
PROPERTY CONDITION: Several units have received interior upgrades, including bathroom remodels, kitchen improvements (new cabinetry and quartz countertops), subfloor plumbing, and new flooring throughout. Four of five tenants have occupied 10+ years stable cash flow from day one.
Direct 110 Fwy access. Minutes to the Port of LA, South Bay employment corridor, and Downtown Los Angeles. Short distance from Harbor-UCLA Medical Center site of LA County's largest-ever healthcare capital project, a $1.7 billion replacement and expansion currently under construction.
MLS #
PW26112707
Monthly HOA
N/A
On Market
155 Days
Last Updated
8/14/2026
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Property Details
Community Information
Address
1535 W 224th St, Torrance, CA 90501
Area
Harbor Gateway
County
Los Angeles
City
Torrance
School System
Los Angeles Unified
Zip Code
90501
Architecture
Bedrooms
4
Bathrooms
2
Year Built
1961
Stories
1
Style
Cottage
Construction Materials
Stucco, Wood Siding
Total Units
2
Stories Total
1
Roof
Shingle
Features / Amenities
Interior Features
Ceiling Fan(s), Quartz Counters, All Bedrooms Down, Main Level Master
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater, Dryer, Washer
Flooring
Vinyl
Laundry
Washer Hookup, In Kitchen, Stacked
Room Type
Bedroom, Kitchen, LivingRoom, PrimaryBedroom
Exterior Features
Awnings(s)
Accessibility Features
Accessible Doors
Entry Level
1
Entry Location
Front
Other Structures
Shed(s), Storage
Security Features
Carbon Monoxide Detector(s), FireDetectionSystem, Security Gate, Smoke Detector(s), Security Lights, Window Bars
Common Walls
No Common Walls
Parking Features
Assigned, Asphalt, Driveway, Paved, Private, Side By Side, Uncovered
Open Parking Spaces
13.0
Parking Total
13.0
Cooling
Dual
Heating
Combination
Property Features
Lot Size
7,200 Sq. Ft. / 0.17 Acres
Lot Features
0-1 Unit/Acre
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer
Public Sewer
Water
Public
Road Frontage
City Street
Road Surface
Paved
Fencing
Wood
Zoning
LARD2
Directions
From 110 Freeway, exit 223rd headed west
Tax and Financial Info
Contingency
Subject to concurrent closing with 1541 W 224th St (APN 7347-002-031, PW26112719). Buyer to cooperate with 1031 Exchange at no cost to buyer.
Terms
1031 Exchange, Submit
Land Lease
No
Rooms
| Features | |
| Master Bedroom | Main Level Master |
| Bedroom | All Bedrooms Down |
| Kitchen | |
| Living Room |
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Based on information from California Regional Multiple Listing Service, Inc. as of November 4, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of November 4, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.