1626 Gramercy Avenue, Torrance, California 90501, Torrance, 90501 - 3 bed, 3 bath
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1626 Gramercy Avenue
Torrance, California 90501
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,660Sq Ft
11,071Lot Size
Property Price
LIST PRICE$909,000
EST. MARKET VALUE
$998,794
8% BelowMARKET VALUE
SUMMARY
This Turnkey Townhome represents a Strong Value Opportunity, listed at $909,000—positioned well below the $998,795 Fair Market Value by 8%. This valuation gap offers $89,795 in Instant Equity for the buyer. Featuring a Good Condition Rating, this 2010-built property includes a Granite Kitchen and a private Patio. Located in the heart of Old Torrance and zoned for the 8/10 Rated Torrance High School, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a lifestyle-focused, move-in ready residence.
Estimated Market Value
$998,794+$89,794 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Torrance.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1626 Gramercy Avenue Subject | $909,000* List Price | 3 | 3 | 1,660 | $602 | - |
A 2142 Washington Sold | $888,000 | 2 | 3 | 1,379 | $644 | 0.6 mi |
B 2367 Jefferson 216 Sold | $792,500 | 2 | 2 | 1,261 | $628 | 0.7 mi |
C 1340 El Prado 21 Sold | $966,100 | 3 | 3 | 1,392 | $694 | 0.1 mi |
D 2349 Jefferson Street 311 Sold | $810,000 | 2 | 2 | 1,290 | $628 | 0.7 mi |
E 2367 Jefferson Street 206 Sold | $785,000 | 2 | 2 | 1,261 | $623 | 0.7 mi |
F 2349 Jefferson Street 313 Sold | $745,000 | 2 | 2 | 1,090 | $683 | 0.7 mi |
G 2317 Apple Active | $819,000 List Price | 2 | 3 | 1,260 | $650 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2010, this 16-year-old property falls squarely into the 'Good' category. The kitchen is well-maintained with functional granite countertops and stainless steel appliances, and the overall interior—including the flooring, recessed lighting, and finished garage—is move-in ready with no visible signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of Old Torrance, the property offers exceptional walkability to local favorites like Torrance Bakery and Red Car Brewery, plus proximity to El Prado Park.
- Modern Build & Design
Constructed in 2010, this townhome features contemporary high ceilings, abundant natural light, and a spacious 1,660 sqft layout that is rare for the historic district.
- Strong Educational District
The home is zoned for the highly-regarded Torrance High School (rated 8/10), providing significant long-term value and appeal for families.
CONSRISKS & DEFICIENCIES
- High Monthly HOA
The association fee of $496 per month is relatively high for a condominium, which may impact the overall monthly affordability for some buyers.
- Lack of Scenic Views
The property lacks any significant views, which could be a disadvantage for buyers seeking the coastal or city vistas often found in the South Bay region.
About 1626 Gramercy Avenue
This amazing 3 bed, 3 bath (1+3/4+1/2) townhome in Old Torrance is the perfect place to call home. Lots of natural light and high ceilings greet you from the moment you step in. Enjoy the open patio to unwind or entertain guests. The open kitchen features beautiful granite countertops, spacious cabinets and is perfect for honing your chef skills. All three bedrooms are upstairs. Two car attached parking downstairs. Located centrally, you are walking distance from many of the vibrant restaurants of Old Torrance. My favorites are Kagura, Torrance Bakery, Red Car Brewery, Madre Oaxacan, and the list goes on! El Prado Park greenbelt is a wonderful spot to go for a walk and to bring your dog or enjoy a picnic. Close to shopping at Del Amo, and very close to beautiful beaches. This home is a must see!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2010
- Lot Size
- 11,071 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $496.0 / Month
Neighborhood Insights
Torrance Unified Schools
Torrance Elementary School
Grades K-5 • 0.7 mi
5/10
Fern Elementary School
Grades K-5 • 1.0 mi
6/10
J. H. Hull Middle School
Grades 6-8 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,660 | 1,094.366 |
| Lot Size | 11,071 | 178,924.561 |
| Price | $909.0K | $606.4K |
| Price per sq ft | $548 | $576 |
| Built year | 2010 | 1982 |
| HOA | $496.0 | $542 |
| Days on market | 15 | 66 |
Pricing History
Listed for Sale
Aug 25, 2026
$909,000
Initial Listing
Sold
Jul 28, 2023
$850,000
Public Record
Sold
Dec 29, 2021
$688,000
Public Record
Sold
Feb 10, 2017
$3,420,000
Public Record