1541 W 224th ST Torrance CA 90501 MLS #PW26112441
There are multiple listings for this address:
PACKAGE SALE — Both properties must close concurrently. Combined asking price: $1,800,000. 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 $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.
LOCATION: 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 $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 $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.
LOCATION: 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.
Property Details
Price:
$950,000
MLS #:
PW26112441
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Neighborhood:
122harborgateway
Listed Date:
May 31, 2026
Total Sq Ft:
2,558
Lot Size:
7,202 sqft / 0.17 acres (approx)
Year Built:
1961
See this Listing
Schools
Interior
Appliances
DW, GD, MW, RF, GO, GR, GWH, HOD, SCO, VEF, WHU
Cooling
DL
Flooring
VINY
Heating
WL, COM
Interior Features
CF, QTZC
Laundry Features
GAS, IK, IN, STK, DINC, WH, WINC
Levels
A
Exterior
Accessibility Features
DSI, PK
Architectural Style
COT
Common Walls
NCW
Community Features
SDW, STM, SL, CRB
Construction Materials
STC, WOD
Exterior Features
AW
Fencing
WD
Other Structures
SBL, SH
Parking Spots
13
Parking Total
13
Roof
SHN
Security Features
EXL, SD, WB, COD, FS
Spa Features
NO
View
NO
Financial
Maintenance Fee
$5,223
Tax Year
2026
Map
Community
- Address1541 W 224th ST Torrance CA
- CityTorrance
- CountyLos Angeles
- Zip Code90501
Market Summary
Current real estate data for Single Family in Torrance as of Aug 07, 2026
284
Single Family Listed
65
Avg DOM
449
Avg $ / SqFt
$965,661
Avg List Price
Property Summary
- 1541 W 224th ST Torrance CA is a Single Family for sale in Torrance, CA, 90501. It is listed for $950,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1961. The average price per square foot for Single Family listings in Torrance is $449. The average listing price for Single Family in Torrance is $965,661. To schedule a showing of MLS#pw26112441 at 1541 W 224th ST in Torrance, CA, contact your The Knight Group LA agent at 310.409.7242.
Similar Listings Nearby
Courtesy of ClearThink Homes. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Knight Group LA include the name of the listing broker. Neither the listing company nor The Knight Group LA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1541 W 224th ST
Torrance, CA
PACKAGE SALE — Both properties must close concurrently. Combined asking price: $1,800,000. 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 $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.
LOCATION: 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 $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 $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.
LOCATION: 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.
Property Details
Price:
$950,000
MLS #:
PW26112719
Status:
Active
Beds:
6
Baths:
3
Type:
Single Family
Subtype:
Triplex
Neighborhood:
122harborgateway
Listed Date:
May 31, 2026
Finished Sq Ft:
2,558
Total Sq Ft:
2,558
Lot Size:
7,202 sqft / 0.17 acres (approx)
Year Built:
1961
See this Listing
Schools
Interior
Appliances
DW, GD, MW, RF, GO, GR, GWH, HOD, SCO, VEF, WHU
Cooling
DL
Flooring
VINY
Heating
WL, COM
Interior Features
CF, QTZC
Laundry Features
GAS, IK, IN, STK, DINC, WH, WINC
Levels
A
Exterior
Accessibility Features
DSI, PK
Architectural Style
COT
Common Walls
NCW
Community Features
SDW, STM, SL, CRB
Construction Materials
STC, WOD
Exterior Features
AW
Fencing
WD
Other Structures
SBL, SH
Parking Spots
13
Parking Total
13
Roof
SHN
Security Features
EXL, SD, WB, COD, FS
Spa Features
NO
View
NO
Financial
Maintenance Fee
$5,223
Tax Year
2026
Map
Community
- Address1541 W 224th ST Torrance CA
- CityTorrance
- CountyLos Angeles
- Zip Code90501
Market Summary
Current real estate data for Single Family in Torrance as of Aug 07, 2026
284
Single Family Listed
65
Avg DOM
449
Avg $ / SqFt
$965,661
Avg List Price
Property Summary
- 1541 W 224th ST Torrance CA is a Single Family for sale in Torrance, CA, 90501. It is listed for $950,000 and features 6 beds, 3 baths, and has approximately 2,558 square feet of living space, and was originally constructed in 1961. The current price per square foot is $371. The average price per square foot for Single Family listings in Torrance is $449. The average listing price for Single Family in Torrance is $965,661. To schedule a showing of MLS#pw26112719 at 1541 W 224th ST in Torrance, CA, contact your The Knight Group LA agent at 310.409.7242.