
Torrance, California 90501
This Turnkey Condominium is a Strong Value Opportunity, listed at $719,000—positioned well below the $742,574 Fair Market Value by 3%. This valuation gap offers $23,574 in Instant Equity. Featuring a Condition Rating of 3, the unit includes modern updates, a private oversized garage, and a tranquil forest-like view. Located in the Torrance Unified School District, this home provides a perfect balance of lifestyle and financial stability. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2720 Gramercy Avenue 5 Subject | $699,000* List Price | 2 | 3 | 1,184 | $590 | - |
A 2367 Jefferson 216 Sold | $792,500 | 2 | 2 | 1,261 | $628 | 0.7 mi |
B 2142 Washington Sold | $888,000 | 2 | 3 | 1,379 | $644 | 0.3 mi |
C 2349 Jefferson Street 311 Sold | $810,000 | 2 | 2 | 1,290 | $628 | 0.7 mi |
D 2367 Jefferson Street 206 Sold | $785,000 | 2 | 2 | 1,261 | $623 | 0.7 mi |
E 2413 Arlington Avenue Sold | $710,000 | 2 | 3 | 1,000 | $710 | 0.2 mi |
F 2317 Apple Active | $819,000 List Price | 2 | 3 | 1,260 | $650 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property has undergone a recent comprehensive refresh including new paint, carpet, and flooring throughout. While the kitchen cabinetry and tile countertops remain dated (original 1980s style), the installation of new stainless steel appliances, modern bathroom hardware, and updated fixtures makes the unit functional and move-in ready.
The unit has been completely reimagined with new paint, carpet, modern hardware, and refreshed bathrooms, offering a move-in-ready experience with contemporary finishes throughout.
This property features rare conveniences for a condominium, including an interior laundry area, a gas stove, and a private, oversized subterranean garage that provides both security and ample storage.
The seller is offering a 2/1 interest rate buy-down, providing the buyer with substantial financial savings on monthly mortgage payments during the first two years of ownership.
The monthly HOA fee of $516 is relatively high for a two-bedroom unit, which increases the total monthly carrying cost and may impact buyer affordability.
Built in 1986, the complex may face upcoming capital improvement projects or maintenance requirements typical of a nearly 40-year-old structure, despite the individual unit's interior updates.
PRIVATE 2-CAR GARAGE • INTERIOR LAUNDRY • GAS RANGE • FHA APPROVED! These are just a few of the features that make this beautifully remodeled townhome a rare find in the heart of Torrance. Nestled in an intimate community of only 18 homes, this move-in ready residence offers 2 spacious ensuite bedrooms, 3 bathrooms, and the comfort, privacy, and convenience today's buyers are looking for. Extensively remodeled in 2025, the home features fresh designer paint in soothing neutral tones, new carpet, updated bathroom hardware, stylish ceiling fans with integrated lighting, and an inviting, light-filled interior. Mature trees outside create a peaceful setting while welcoming refreshing coastal breezes throughout the home. The spacious primary suite includes a charming alcove—perfect for a home office, reading nook, yoga space, or quiet retreat. A convenient guest bath is located on the main level. The private two-car garage with additional storage, interior laundry, and gas range are amenities rarely found together and offer everyday convenience that truly sets this home apart. Residents enjoy a sparkling pool and spa, mature landscaping, and a welcoming community with many long-term homeowners. Ideally located adjacent to a neighborhood park and just minutes from historic Old Torrance, the popular Farmers Market, restaurants, shopping, and entertainment. Outstanding Added Value! The HOA has retained professional management and is actively completing significant community improvements, including exterior stucco repairs, fascia replacement, landscaping enhancements, tree trimming, patio improvements, and pool upgrades. The seller has paid the special assessment in full, allowing the next owner to enjoy the benefits of these community improvements without that additional cost. This is a wonderful opportunity to own a beautifully updated home in an established neighborhood where the community is being thoughtfully revitalized.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,184 | 1,094.366 |
| Lot Size | 29,123 | 178,924.561 |
| Price | $699.0K | $606.4K |
| Price per sq ft | $590 | $576 |
| Built year | 1986 | 1982 |
| HOA | $516.0 | $542 |
| Days on market | 91 | 66 |
Sep 1, 2026
$699,000
$719,000
-3% Price Drop
Initial Listing
Jun 10, 2026
$719,000
Initial Listing