Torrance, CA Real Estate Search

Torrance, CA Multi-Family Homes for Sale

Torrance, CA, is a vibrant city located in the Los Angeles County region, known for its beautiful beaches, diverse dining options, and family-friendly neighborhoods. The multi-family homes for sale in Torrance present a unique investment opportunity for those looking to enter the dynamic real estate market. With a mix of older properties and newer constructions, potential buyers can find a variety of options that cater to different preferences and budgets. The area's strong rental demand, driven by its proximity to major employers, shopping centers, and excellent schools, makes it an attractive locale for both investors and residents alike. Additionally, the community’s commitment to maintaining a high quality of life further enhances its appeal, ensuring that multi-family homes here remain a sought-after commodity for potential investors looking to capitalize on Torrance's growth and desirability.

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Newest Torrance, CA Multi-Family Homes for Sale

$1,199,000
OC26187299 MLS Active Under Contract Status
Torrance has many multi-family properties with 2 homes on one lot. The front house has just been renovated and boasts 2 bedrooms, 2 bathrooms, an office, a double attached garage and direct access into the house. In addition to a large gated (new) front yard, the front house also has its own private gated garden in the rear, perfect for family gatherings. Upgrades include totally new bathrooms and kitchen with a rare porcelain countertop, brand new appliances, luxury vinyl flooring throughout, Bluetooth LED color-changing recessed lights and custom paint and wallpaper to compliment the upgrades. Brand new HVAC. New laundry appliance, sink and cabinets are in the garage. Long driveway can fit motorhome or boat. The 2-story home in the rear of the lot has a total of 4 bedrooms and 3 bathrooms. The bright and airy upstairs has 3 bedrooms, 2 bathrooms, and a chandeliered vestibule. The downstairs has a half bathroom and a fourth bedroom with a hallway for privacy. Bluetooth LED color-changing recessed lights throughout the entire home. The 2-car attached garage has direct access into the house. The kitchen has been totally replaced with acacia wood custom counters and all new appliances. It opens to the living room, which has a sliding door to the large rear patio and its own fenced backyard. Brand new HVAC. Laundry is in the garage, which features floor-to-ceiling new cabinets. The rear house is currently under construction. Harbor Gateway properties rarely come on the market, so this is an opportunity that can't be beat!

1345 W 219th, Torrance

$14,950,000
OC26180225 MLS Active Status
The Palms is a 48-unit multifamily investment opportunity located at 3929 West 242nd Street in Torrance, California. Built in 1961, the property sits on a 1.03-acre lot and features approximately 36,096 net rentable square feet, with apartment buildings arranged around spacious interior courtyard areas. The Palms features a garden-style layout, with apartment buildings oriented around interior courtyards that provide residents with shared outdoor space. The site also accommodates common area circulation, resident amenities, and a substantial covered parking component within the property’s 1.03-acre footprint. The unit mix consists of 38 one-bed/one-bath units, 6 two-bed/one-bath units, and 4 two-bed/two-bath units. This composition provides a strong base of one-bedroom floor plans while also including a selection of larger two-bedroom units. Current ownership has extensively renovated 8 units with luxurious finishes. The property features a swimming pool, clubhouse, gated access, two on-site laundry facilities, and covered parking. Parking is provided through 45 tuck-under spaces, 2 surface spaces, one single-car garage, and one double-car garage, giving The Palms a substantial covered parking component relative to its unit count. Overall, The Palms represents an established Torrance multifamily asset with scale, a predominantly onebedroom unit mix, courtyard-style design, on-site amenities, gated access, and covered parking.

3929 W 242nd Street, Torrance

$1,950,000
7 Beds 5 Baths SB26168461 MLS Active Status
Exceptional multi-residence property offering approximately 3,400 square feet of total living space on a beautifully landscaped lot of more than 6,700 square feet. Featuring three separate residences with a combined seven bedrooms and five bathrooms, this property offers incredible flexibility for extended family, multigenerational living, investment opportunities, or owner occupancy with additional rental income. The main residence offers more than 1,500 square feet with three bedrooms, two bathrooms, and an attached two-car garage. The spacious two-story ADU includes more than 1,200 square feet, two bedrooms, and two bathrooms. The approximately 660-square-foot SB9 residence features two bedrooms and one bathroom. All three residences are new or have been extensively updated and include brand-new refrigerators, ranges, microwaves, dishwashers, washers, and dryers. Additional upgrades include new central heating and air conditioning, laminate flooring, white shaker cabinetry, quartz countertops, recessed lighting, and new doors and windows. The property also offers abundant on site and off-street parking and even room for RV and fully landscaped outdoor areas. Conveniently located near major freeways, hospitals, shopping, airports, and the South Bay’s beautiful beaches. A rare opportunity to own three thoughtfully designed and beautifully renovated residences on one Torrance property.

20840 Denker Avenue, Torrance

$1,399,999
3 Beds 3 Baths 26850983 MLS Active Status
Prime Crenshaw Blvd retail frontage in Torrance with strong daily traffic, excellent visibility, and close proximity to major South Bay corridors and dense residentialneighborhoods. Multi-tenant mixed-use opportunity offering stable income potential, a flexible tenant mix, and long-term upside through rent growth, lease-up, or repositioning in a proven retail market. The property includes 3,000 square foot of retail, a 1,000 square foot 3 Bed/1 Bath residential unit and 579 square feet of vacant office space. The vacant space and MTM leases for the two existing tenants provide immediate lease up potential and an opportunity to increase occupancy and cash flow. Strategically located South Bay asset near major employers, schools, and established residential communities, providing durable tenant demand and consistentcustomer traffic. Minutes from the 405, 91, and 110 Freeways, offering excellent regional connectivity and convenient access for employees, customers, and commuters throughout Los Angeles County. Benefiting from a strong daytime workforce driven by the South Bay's aerospace, healthcare, logistics, and technology sectors. Presents significant upside potential for investors through future rent growth and value-add opportunities, while also offering a rare owner-user opportunity to potentially occupy the entire property over time in one of the South Bay's most established commercial corridors.

18727 Crenshaw Boulevard, Torrance

$1,700,000
SB26131707 MLS Active Status
Vintage Hollywood Charm in Old Torrance – Mid-Century Modern 5-Unit Collection Rare opportunity to own a meticulously maintained, one-of-a-kind 5-unit investment collection in the heart of Old Torrance. ALL UNITS 100% VACANT and READY FOR FULL MARKET RENTS! Each residence lives like its own private home — separate entrances, no shared driveways, true street-to-alley access. Two units have back doors off the kitchen for enhanced privacy. All units have iron screen doors. Unit Mix & Features: 1 Spacious 2BD / 1BA upstairs (~1,002 SF) 4 Large 1BD / 1BA apartments (~662 SF each) Each unit with its own large living room, bedroom, dining room, full bath with original tile as well as in the kitchens which have stove, refrigerator, and dedicated water heaters. There are 4 garages with alley access plus ample fee-free street parking. On-site coin laundry provides additional income. Value-Add Potential: Front and in-between spaces, as well as garage conversion opportunities, offer ADU potential (BUYER TO VERIFY) to maximize rental income and long-term appreciation. Prime Old Torrance Location: Minutes from Downtown Old Torrance shops and restaurants, Wilson Park amenities (Farmer’s Market, pickleball, sports fields, walking paths), Del Amo Fashion Center, Torrance High School, and major employers including American Honda Motor and Providence Little Company of Mary Medical Center. Easy two miles access to 405 or 110 freeways and just minutes to Redondo Beach, supporting strong, consistent rental demand along with the near finish Metro K Rail line nearby. Why This Investment Stands Out: Character and charm with timeless elegance. Private. Boutique layouts. High-demand location.

2363 Torrance, Torrance

$899,888
6 Beds 3 Baths PW26112719 MLS Active Status
PACKAGE SALE — Both properties must close concurrently. 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 rents: pro forma gross income approximately $141,600/yr and pro forma NOI exceeding $99,500/yr, no ADUs required. MULTIPLE EXIT STRATEGIES: Hold as a stabilized combined portfolio. Develop ADUs to maximize NOI and asset value. Sell parcels individually once stabilized — each independently financeable. Phased development across two lots. PROPERTY CONDITION: Several units have received interior upgrades, including bathroom remodels, kitchen improvements (new cabinetry and quartz countertops), subfloor plumbing, and new flooring throughout. Four of five tenants have occupied 10+ years — stable cash flow from day one. Direct 110 Fwy access. Minutes to the Port of LA, South Bay employment corridor, and Downtown Los Angeles. Short distance from Harbor-UCLA Medical Center — site of LA County's largest-ever healthcare capital project, a $1.7 billion replacement and expansion currently under construction.

1541 W 224th Street, Torrance

$799,888
PW26108833 MLS Active Status
PACKAGE SALE — Both properties must close concurrently. 1541 W 224th St, (MLS# PW26112441) must be purchased together with 1535 W 224th St (MLS# PW26108833). 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 $2,300–$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 rents: pro forma gross income approximately $141,600/yr and pro forma NOI exceeding $99,500/yr, no ADUs required. MULTIPLE EXIT STRATEGIES: Hold as a stabilized combined portfolio. Develop ADUs to maximize NOI and asset value. Sell parcels individually once stabilized — each independently financeable. Phased development across two lots. PROPERTY CONDITION: Several units have received interior upgrades including bathroom remodels, kitchen improvements (new cabinetry and quartz countertops), subfloor plumbing, and new flooring throughout. Four of five tenants have occupied 10+ years — stable cash flow from day one. LOCATION: Direct 110 Fwy access. Minutes to the Port of LA, South Bay employment corridor, and Downtown Los Angeles. Short distance from Harbor-UCLA Medical Center — site of LA County's largest-ever healthcare capital project, a $1.7 billion replacement and expansion currently under construction.

1535 W 224th Street, Torrance

$899,888
PW26112441 MLS Active Status
PACKAGE SALE — Both properties must close concurrently. 1541 W 224th St, (MLS# PW26112441) must be purchased together with 1535 W 224th St (MLS# PW26108833). 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 $2,300–$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 rents: pro forma gross income approximately $141,600/yr and pro forma NOI exceeding $99,500/yr, no ADUs required. MULTIPLE EXIT STRATEGIES: Hold as a stabilized combined portfolio. Develop ADUs to maximize NOI and asset value. Sell parcels individually once stabilized — each independently financeable. Phased development across two lots. PROPERTY CONDITION: Several units have received interior upgrades including bathroom remodels, kitchen improvements (new cabinetry and quartz countertops), subfloor plumbing, and new flooring throughout. Four of five tenants have occupied 10+ years — stable cash flow from day one. LOCATION: Direct 110 Fwy access. Minutes to the Port of LA, South Bay employment corridor, and Downtown Los Angeles. Short distance from Harbor-UCLA Medical Center — site of LA County's largest-ever healthcare capital project, a $1.7 billion replacement and expansion currently under construction.

1541 W 224th Street, Torrance

$1,200,000
SB26103413 MLS Active Status
958 W 222nd St offers a compelling development opportunity in the West Carson/Torrance PO area, positioned on a deep 17,452 SF lot with existing 2-unit improvements and Specific Plan zoning. The property is offered at $1,200,000, or approximately $68.76/SF of land, pricing the site below local comparable land sales and giving developers an attractive basis to work through design, entitlement, and construction planning. While the full depth may not be efficiently developable all the way to the rear, that is already reflected in the price-per-foot. The rear portion can potentially be used for parking, circulation, open space, landscaping, or a communal resident amenity area, giving the site added utility beyond the main building envelope. The feasibility study identifies the site as Specific Plan West Carson R-4, with a density range of approximately 50–150 units per acre, translating to an estimated 19 to 57 units before final design, entitlement, parking, and site planning review. Development is noted as not restricted by FAR, with height limited to 4 stories / 50 feet. The surrounding area is also seeing meaningful investment, including a large development project immediately next door, supporting the long-term story for the location and future housing demand. Property currently consists of 2 units which will be delivered fully vacant at close of escrow which also provides a great land banking opportunity for an owner user. Current units are livable but are for a value-add investor as current condition would need updating and is not move in ready.

958 W 222nd, Torrance

$3,500,000
SB26098719 MLS Active Under Contract Status
Prime 11-Unit Investment Opportunity in West Torrance Located in the highly desirable West Torrance neighborhood, this 11-unit multifamily property offers a rare opportunity to acquire a well-positioned asset in one of the South Bay’s most stable rental markets. Situated on a corner lot totaling over 14,000 sq ft, the property features a two-story layout with excellent accessibility and tenant appeal. The unit mix consists of spacious 1 and 2-bedroom units, providing strong rental demand and flexibility. Each unit is equipped with vinyl flooring, gas stoves and ovens, and wall furnace heating, with separately metered gas and electricity for tenant convenience and reduced owner expenses. Tenants benefit from assigned parking with 11 garage spaces, community laundry (owner-owned for additional income potential), and a well-maintained layout with minimal interior steps. The property is located in a quiet residential setting with sidewalks, curbs, and street lighting, enhancing long-term tenant desirability. From an investment perspective, the asset presents significant upside potential, with current rents below market and a strong pro forma income trajectory. The property currently generates solid income with low operating expenses (~$36K annually), contributing to an attractive expense ratio and long-term cash flow opportunity. Conveniently located near Torrance Blvd and major retail, dining, and employment centers, this property benefits from strong rental demand driven by its central South Bay location. This is an ideal opportunity for investors seeking stable income, operational efficiency, and long-term appreciation in a high-demand coastal-adjacent market.

5326 Lorna Street, Torrance

$1,525,000
5 Beds 3 Baths PW26006679 MLS Active Status
RARE TURNKEY investment opportunity featuring THREE PERMITTED VACANT UNITS in a Single Family Home Dwelling with major system upgrades and strong income potential! This well-maintained property offers an ideal setup for owner-users or investors seeking cash flow, house-hacking, or multi-generational living. The front unit (1520) is a spacious 3-bedroom residence featuring bamboo and tile flooring, a generously sized living area, an updated bathroom, and an upgraded kitchen, making it highly desirable for long-term tenants or owner occupancy. The JADU (1522 ½) was completed and fully permitted in 2023, offering modern efficiency with newer electrical, recess lighting, mini-split heating and cooling, a fully updated kitchen and full bathroom, and sliding door access to the backyard and patio—perfect for maximizing rental appeal. The rear ADU (1522), built in 2018, is an oversized 1-bedroom, 1-bath unit with an expansive living room and floor-to-ceiling sliding doors opening to the backyard and patio. This unit features a kitchen with a portable granite-top island, recessed lighting, upgraded dual-pane windows for abundant natural light, and a gas fireplace to entertain and enjoy! Bamboo and tile flooring is installed throughout for design and durability. Property has double pane energy efficient windows throughout and is wired for a rear jacuzzi, pre-wired for interior and exterior security cameras, and is sprinkler ready. Additional cost saving upgrades includes full exterior including security gates and block walls were painted in 2024 along with ABS replacement of the main sewer line. Owner may take advantage of FHA and Conventional financing for owner occupy income earning opportunity. Take advantage of the strong cash flow, rental upside, and long-term appreciation potential—a true income-producing asset ready for immediate returns.

1520 W 215th, Torrance

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.