1503 W 224th Street, Torrance, California 90501, Torrance, 90501 - 2 bed, 1 bath
ACTIVE$720,000
1503 W 224th Street, Torrance, California 90501
2Beds
1Bath
794Sqft
5,001Lot
Year Built
1953
Close
-
List price
$720K
Original List price
$720K
Price/Sqft
$907
HOA
-
Days on market
-
Sold On
-
MLS number
SB25189827
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $720.0K(4th), sqft - 794(6th), beds - 2(21th), baths - 1(21th).
Welcome to this great opportunity to own this single-Family residence!!! Consists of 2 bedrooms 1 bathroom with a spacious corner Lot. Conveniently located near freeways & shopping centers.
Nearby schools
5/10
Meyler Street Elementary School
Public,•K-5•0.5mi
7/10
Halldale Elementary School
Public,•K-5•0.7mi
5/10
One Hundred Eighty-Sixth Street Elementary School
Public,•K-5•2.7mi
5/10
Stephen M. White Middle School
Public,•6-8•1.1mi
6/10
Alexander Fleming Middle School
Public,•6-8•2.2mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
08/21/25
Listing
$720,000
Condition Rating
Poor
Built in 1953, this property is over 70 years old with no indication of significant renovations. The listing's property analysis explicitly states it 'is likely to require substantial updates and renovations to modernize systems, aesthetics, and meet contemporary living standards.' The exterior image shows an aged structure with security bars and an unkempt yard, suggesting a lack of recent maintenance. Without interior photos, it's highly probable that the kitchen and bathroom are original or very outdated, requiring full rehabilitation. This aligns with the 'Poor' condition criteria, indicating substantial repairs and rehabilitation are needed.
Pros & Cons
Pros
Desirable Location: Situated in Torrance, a sought-after Southern California city, offering convenient access to freeways and shopping centers, enhancing its appeal and connectivity.
Spacious Corner Lot: Features a generous 5,001 sqft corner lot, providing enhanced privacy, curb appeal, and potential for outdoor living or future expansion.
Expansion/Development Potential: The combination of a smaller existing structure (794 sqft) on a sizable corner lot presents a significant opportunity for adding square footage, remodeling, or potentially an ADU, increasing future value.
Proximity to Quality Schools: Located near several schools, including highly-rated elementary schools like Halldale Elementary (rated 7) and Meyler Street Elementary (rated 5), appealing to families.
Investment/Value-Add Opportunity: Described as a 'great opportunity,' this property is ideal for buyers looking to invest in renovations and capitalize on potential appreciation in a strong market.
Cons
Limited Living Space: With only 794 sqft, the 2-bedroom, 1-bathroom layout is considerably small for a single-family residence, potentially limiting buyer appeal and functionality for many households.
Age and Condition (Implied): Built in 1953, the property is likely to require substantial updates and renovations to modernize systems, aesthetics, and meet contemporary living standards, which could incur significant additional costs.
High Price Point for Size: The list price of $720,000 for a 794 sqft home represents a high price per square foot, which may be a barrier for some buyers given the property's age and small footprint.