$850,000
1535 W 224th Street, Torrance CA 90501
Multi-Family (Duplex)
Property type
13 days
On market
$533
Price per sqft
0 cars
Garage
1961
Year built
7,200 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Gilbert Gutierrez DRE #02022002 714-794-5278, ClearThink Homes
Listing updated: Jun 1, 2026 at 01:08pm.
Last checked: Jun 5, 2026 at 06:30am
Source: CRMLS #PW26108833
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $1,511 | $1,511 | $1,511 | Unfurnished |
| 1 | 2 | 1 | — | $1,634 | $1,634 | $1,634 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Dishwasher: 2
Disposal: 2
Ranges: 2
Refrigerator: 2
Rent Control: Yes
Units Leased: 2
Total Actual Rent: $3,144
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
8.1x
List Price / Annual Gross Rent
Cap Rate
7.26%
NOI / List Price
Gross Scheduled Income: $104,467
Vacancy Allowance: $3,134
Operating Expense: $39,582
Net Operating Income: $61,751
Annual Operating Expenses
Electric: $0
Gardener: $1,020
Fuel: $0
Insurance: $5,894
Maintenance: $5,223
New Taxes: $21,372
Trash: $3,600
Water / Sewer: $2,472
Interior
Interior Features: Ceiling Fans, Quartz Counters, All Bedrooms Down, Main Level Primary
Room Type: Bedroom, Kitchen, Living Room, Primary Bedroom
Flooring: Vinyl
Cooling: Dual
Heating: Combination
Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater, Dryer, Washer
Laundry: Washer Hookup, In Kitchen, Stacked, Dryer Included, Washer Included
Accessibility: Accessible Doors
Entry Location: Front
Exterior
Architectural Style: Cottage
Property Attached: No
Stories Total: 1
Levels: One
Roof: Shingle
Construction Materials: Stucco, Wood Siding
Exterior: Awnings
Common Walls: No Common Walls
Security Features: Carbon Monoxide Detectors, Fire Detection System, Security Gate, Smoke Detectors, Security Lights, Window Bars
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Fencing: Wood
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Other Structures: Sheds, Storage
Garage and Parking
Parking: Assigned, Asphalt, Driveway, Paved, Private, Side By Side, Uncovered
Garage Spaces: 0
Uncovered Spaces: 13
Parking Total: 13
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7347002030
Additional Parcels: No
Tax Lot: 255
Zoning: LARD2
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Storm Drains, Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 1535 W 224th Street, Torrance, CA 90501. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$680,000
Total Interest
$867,303
Total Payment
$1,547,303
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,333
per month
Property History for 1535 W 224th Street
Torrance Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90501.
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