1645 W 223rd Street, Torrance, California 90501, Torrance, 90501 - bed, bath

1645 W 223rd Street, Torrance, California 90501 home-pic-0
ACTIVE$1,859,000
1645 W 223rd Street, Torrance, California 90501
0Bed
0Bath
3,000Sqft
6,711Lot
Year Built
2025
Close
-
List price
$1.86M
Original List price
$1.86M
Price/Sqft
$620
HOA
-
Days on market
-
Sold On
-
MLS number
SB25054081
Home ConditionExcellent
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.86M(91th), sqft - 3000(91th), beds - undefined(50th), baths - undefined(50th).

This exceptional four-unit property features a diverse mix of units, including a fully remodeled Single Family Residence two-bedroom, one-bathroom (Aprox 850 SF) Front house completed in 2022. In addition, there are three ADUs: the first is a spacious three-bedroom, two-bathroom unit Built 2025 Aprox 1200 SF and PAID Solar; the second, a comfortable one-bedroom, one-bathroom unit Built 2025 Aprox 500 SF; and the third, a studio with one bathroom built 2022 Aprox 435 SF. Each unit boasts new plumbing, electrical systems, flooring, kitchens, bathrooms, cabinets, appliances, heating, and air conditioning systems, along with recessed lighting and inside laundry hookups in each unit and each unit sepratly metered for gas and electric. The property offers ample parking with a large new driveway suitable for an RV, and is beautifully landscaped with new sprinkler systems. With an estimated total rental income of approximately $11,000 per month, this property is ideal for owner-occupiers seeking rental income or investors. Notably, two or three of the units may not be subject to rent control, providing additional flexibility and investment potential. The two-bedroom, one-bathroom 850 sf unit is leased for $3,050 per month and three other newly built units are kept VACANT.

Nearby schools

7/10
Halldale Elementary School
Public,K-50.7mi
5/10
Meyler Street Elementary School
Public,K-50.7mi
5/10
One Hundred Eighty-Sixth Street Elementary School
Public,K-52.6mi
5/10
Stephen M. White Middle School
Public,6-81.3mi
6/10
Alexander Fleming Middle School
Public,6-82.2mi
5/10
Nathaniel Narbonne Senior High School
Public,9-121.4mi

Price History

Date
Event
Price
04/18/25
Sold
$1,807,500
02/09/22
Sold
$750,000
02/08/22
Sold
$750,000
05/05/21
Sold
$655,000
Condition Rating
Excellent

The property features a mix of units, including a remodeled SFR (completed in 2022) and three ADUs (built in 2025 and 2022). All units have new plumbing, electrical systems, flooring, kitchens, bathrooms, cabinets, appliances, heating, and air conditioning systems, along with recessed lighting and inside laundry hookups. The images confirm modern finishes and new appliances. Given the recent construction and renovations, the property is in excellent condition.
Pros & Cons

Pros

High Income Potential: The property offers a substantial estimated rental income of $11,000 per month, making it an attractive investment opportunity.
New Construction/Remodel: Featuring a remodeled SFR and newly built ADUs with updated plumbing, electrical, and HVAC systems, minimizing immediate maintenance concerns.
Separate Metering & Laundry: Each unit is separately metered for gas and electric and includes inside laundry hookups, simplifying utility management and enhancing tenant appeal.

Cons

Vacancy: Three of the newly built units are currently vacant, requiring immediate marketing efforts to secure tenants and maximize income.
Rent Control Uncertainty: While some units may not be subject to rent control, the uncertainty could impact long-term income projections and property value.

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