1524 W 223rd, Torrance, California 90501, Torrance, 90501 - 4 bed, 2 bath
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Torrance, California 90501
This Value-Add Residential Asset is listed at $780,000, positioned near its $734,169 Fair Market Value given the high local demand for development-ready parcels. The property currently carries a Condition Rating of 5, requiring a comprehensive rehabilitation to address outdated systems and structural wear. Its primary investment appeal lies in the expansive 6,680 sq. ft. lot, which provides sufficient space for both an ADU and a Junior ADU. Located within the Los Angeles Unified School District near Halldale Elementary (7/10), this project is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1524 W 223rd Subject | $750,000* List Price | 4 | 2 | 1,152 | $623 | - |
A 21218 Harvard Boulevard Sold | $750,000 | 3 | 2 | 1,314 | $571 | 0.8 mi |
B 21117 Normandie Sold | $650,000 | 3 | 1 | 1,090 | $596 | 1.0 mi |
C 1654 W 216th Street Sold | $785,000 | 3 | 2 | 1,061 | $740 | 0.6 mi |
D 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 extensive renovation needed.
Built in 1947, the property is explicitly described as requiring substantial work and significant repairs. While it features newer windows and LVP flooring, the kitchen and utility areas are severely outdated, showing significant wear and unfinished wall patches. The presence of an old wall heater and the overall condition of the interior systems suggest the home needs a major rehabilitation to meet modern living standards.
The expansive 6,680 sq. ft. lot provides significant value-add opportunities, with ample space to construct both an ADU and a Junior ADU for rental income or multi-generational living.
The residence features newer windows and flooring, offering a head start on renovations and improving the home's overall energy efficiency and aesthetic foundation.
The floor plan is well-designed with three bedrooms, two full bathrooms, and multiple separate entrances, providing versatility and a good flow for a variety of lifestyles.
The front house is noted to require substantial work, indicating that the buyer will need to budget for additional capital improvements beyond the purchase price.
While the property holds a Torrance mailing address, it is situated within the Los Angeles Unified School District rather than the highly-coveted Torrance Unified School District, which may impact long-term resale appeal.
Looking for a large lot with potential to add value? This property has a huge backyard with room for an ADU and a Junior ADU. The front house requires work. It has a nice floor plan with 3 bedrooms and 2 full bathrooms. The home is on a large lot in Torrance P.O. Nice-sized living room, separate from the dining room. Newer flooring, newer windows. Two separate entrances besides the front door. Gated front yard with access to both sides of the home. Detached one-car garage with a long driveway. Close to the Torrance DMV, this property is located east of Western on 223rd.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,152 | 1,488 | 32% |
| Lot Size | 6,680 | 6,120 | 71% |
| Price | $750.0K | $1.05M | 10% |
| Price per sq ft | $651 | $697 | 37% |
| Built year | 1947 | 1952 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 135 | 10% |
May 14, 2026
$750,000
$780,000
-4% Price Drop
Initial Listing
Apr 15, 2026
$780,000
Initial Listing