Est. cap rate

3.1%

Assumed rent, all units

$7,280/mo

Units

2

Price per unit

$699,500

Est. annual NOI

$43,680

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

4

Building size

2,475 sqft

Lot size

13,365 sqft

Year built

1946

Stories

1

Garage spaces

4

Style

Contemporary

Heating

Central

Cooling

Ductless

Pool

None

View

None

Status

Active

Days on market

12

MLS #

247984263

About this property

RARE OPPORTUNITY — TWO DETACHED HOMES ON AN EXPANSIVE 13,365 SQ. FT. LOT A truly exceptional South Bay investment and owner-user opportunity! Located in the desirable LA County Strip/Torrance area, just the other side of Western. This unique property features two separate homes, both one-story, each offering 3 bedrooms and 2 bathrooms, situated on an extraordinary 13,365-square-foot lot. Both units are vacant. Both residences are in excellent condition and offer comfortable, open floor plans with interior laundry. Each home has its own two-car garage, plus its own driveway, providing an abundance of parking rarely found with income properties of this size. One unit has an EV charging station, adding a modern convenience for today’s lifestyle. The expansive lot provides tremendous flexibility and potential, whether you're looking to live in one home and rent the other, accommodate extended family, or maximize rental income. The generous land area also offers opportunities for future improvements or additional development potential, subject to zoning and applicable approvals. Conveniently located near shopping, restaurants, schools, major employment centers, beaches, and all that the South Bay has to offer. TWO HOMES • 6 BEDROOMS • 4 BATHROOMS • 13,365 SQ. FT. LOT • 2 GARAGES • 2 DRIVEWAYS • INTERIOR LAUNDRY • EV CHARGING A property this versatile and substantial is a rare find in the South Bay and offers an exceptional opportunity for both investors and owner-users.

Location

1559 W 223rd

Torrance, Los Angeles, CA, 90501