1406 W 223rd Street, Torrance, California 90501, Torrance, 90501 - 2 bed, 1 bath
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Torrance, California 90501
This property presents a High-Potential Investment Opportunity with a List Price of $590,000—positioned well above the $558,619 Fair Market Value by 5%. While the property is currently tenant-occupied, the expansive 6,652 sqft lot provides significant Development Potential for an ADU. With a Condition Rating of 6, the home serves as a stable, income-generating asset. This is a strategic acquisition for Buy-and-Hold Investors or Developers looking to leverage land value and immediate rental cash flow in the Torrance market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1406 W 223rd Street Subject | $590,000* List Price | 2 | 1 | 718 | $811 | - |
A 1505 W 220th Active Under Contract | $699,000 List Price | 2 | 1 | 873 | $801 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1947 (79 years old) with no mention of renovations. The listing description focuses on 'potential for development' and lot size, signaling the value is in the land. Exterior images show aged siding, dated electrical, and a window AC unit, suggesting original systems.
The expansive 6,652 sqft lot offers significant room for an Accessory Dwelling Unit (ADU) or a larger residential expansion, providing excellent long-term value-add potential.
The property is currently tenant-occupied with a steady monthly rent of $2,200, offering investors immediate cash flow and a turnkey management situation from day one.
Listed at $590,000, this property represents a rare, high-affordability entry point into the Torrance market, making it an ideal target for developers and first-time investors.
The property is sold with a tenant in place and strict 'do not walk' instructions, which complicates the due diligence process and prevents immediate owner-occupancy.
At only 718 square feet, the existing 2-bedroom structure is quite small for the area, likely requiring a substantial renovation or expansion to meet modern buyer expectations.
DO NOT WALK THE PROPERTY-TENANT OCCUPIED. The property is being sold with the tenant in the property. The rent is $2,200 and is current. This is 2 bedroom 1 bath home. Great size lot with room for an ADU and great potential for development. Property will be open on Saturday June 13th from 11-1. This is the only showing we are having.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 718 | 1,619.5 |
| Lot Size | 6,652 | 5,695.5 |
| Price | $590.0K | $1.25M |
| Price per sq ft | $822 | $770 |
| Built year | 1947 | 1955 |
| HOA | $0 | $85 |
| Days on market | 47 | 42 |
Jun 5, 2026
$590,000
Initial Listing