1503 W 224th, Torrance, California 90501, Torrance, 90501 - 2 bed, 1 bath
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Torrance, California 90501
This Refreshed Corner Lot Residence is a Strong Value Opportunity, listed at $719,999—positioned well below the $756,264 Fair Market Value by 4%. This valuation gap provides $36,265 in Instant Equity. The home maintains a Condition Rating of 3, featuring new laminate flooring and updated kitchen surfaces. With LARD2 Zoning and a detached garage offering high ADU Potential, the property balances immediate comfort with long-term development upside. This is a strategic choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1503 W 224th Subject | $719,999* List Price | 2 | 1 | 794 | $952 | - |
A 2825 Martha Avenue Sold | $815,000 | 2 | 1 | 780 | $1,045 | 0.5 mi |
B 1654 W 216th Street Sold | $785,000 | 3 | 2 | 1,061 | $740 | 0.7 mi |
C 2825 Martha Sold | $815,000 | 0 | 0 | 790 | $1,032 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone a recent interior refresh. It features new laminate wood-style flooring, fresh neutral paint throughout, and updated kitchen countertops and hardware. While the 1953 build retains some older elements like wall heaters and painted original cabinetry, the overall condition is clean, well-maintained, and functional for immediate occupancy.
The property is zoned LARD2 on a 5,001 sqft corner lot, providing significant opportunities for future expansion or multi-unit development projects.
The detached double-car garage offers excellent potential for an Accessory Dwelling Unit (ADU) conversion, ideal for generating rental income or multi-generational living.
As a corner property, the home benefits from increased privacy, better curb appeal, and more flexible access points compared to standard mid-block lots.
At just 794 square feet, the interior footprint is quite compact for a two-bedroom home, which may feel restrictive for families or those requiring more storage.
While the property has a Torrance address, it is served by the Los Angeles Unified School District rather than the highly-rated Torrance Unified School District, potentially impacting long-term resale value.
Beautiful corner property !!!! This Charming home features 2 bedrooms and 1 bathdroom, offering a great opportunity for first-time buyers, investors or those looking to expand. Situaded on a corner lot, the property provides privacy and excellent potencial. It includes a detached double car garage with great ADU potential making it ideal for additional income or extended family living. Zoned LARD2 opens the door to future development possibilities. Near freeways & shopping centers. DON'T MISS THIS INCREDIBLE OPPORTUNITY !!!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 16% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 794 | 1,456 | 8% |
| Lot Size | 5,001 | 6,118 | 15% |
| Price | $720.0K | $1.06M | 7% |
| Price per sq ft | $907 | $699 | 75% |
| Built year | 1953 | 1952 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 104 | 2% |
Mar 25, 2026
$719,999
Initial Listing