Home | Los Angeles County | Torrance | 90501 | 1541 W 224th St
MLS: CRPW26112719 | Status: Active | Price: $950,000
Beds/Baths: 6 / 3
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 6 | 3 | 2,558 | 7,202 | 1961 |
PACKAGE SALE — Both properties must close concurrently. Combined asking price: $1,800,000. 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 ren
| Field | Value |
|---|---|
| MLS # | CRPW26112719 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Bedrooms | Ground Floor Bedroom |
| Kitchen | Exhaust Fan, Other |
| Appliances | Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Other, Oven - Gas, Oven - Self Cleaning, Oven Range - Gas, Refrigerator, Dryer, Washer |
| Fireplace | None |
| Laundry | Hookup - Gas Dryer, In Kitchen, Other, Stacked Only |
| Cooling | Ceiling Fan, Other |
| Heating | Multi Type, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Pool | None |
| Style | Cottage |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Gate/Door Opener, Other, Side By Side, Garage: 0 Car(s) |
| Elementary District | Los Angeles Unified |
| High School District | Los Angeles Unified |
| HOA Fee | $0 |
| Zoning | LARD2 |
Gilbert Gutierrez
ClearThink Homes
License #: 02022002
Phone: (714) 794-5278
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This listing information is up-to-date as of June 01, 2026. For the most current information, please contact Gilbert Gutierrez, (714) 794-5278.