2720 Gramercy Avenue 5, Torrance, California 90501, Torrance, 90501 - 2 bed, 3 bath
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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 | $719,000* List Price | 2 | 3 | 1,184 | $627 | - |
A 2367 Jefferson Street 206 Sold | $785,000 | 2 | 2 | 1,261 | $623 | 0.7 mi |
B 2413 Arlington Avenue Sold | $710,000 | 2 | 3 | 1,000 | $710 | 0.2 mi |
C 2349 Jefferson Street 313 Sold | $745,000 | 2 | 2 | 1,090 | $683 | 0.7 mi |
D 2742 Cabrillo Avenue 312 Sold | $511,015 | 2 | 2 | 1,050 | $487 | 0.1 mi |
E 2760 Gramercy Active | $785,000 List Price | 3 | 3 | 1,362 | $576 | 0.0 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.
Where else can you find an interior laundry, gas stove and a gated private oversized garage in a condominium??? Just a short walk from the local park is this beautifully reimagined corner unit sitting among canary pines providing cool breezes day and night. Watch the world go by from your patio or relax by the sparkling pool, take a short trip to the Farmers Market or Old Towne Torrance to enjoy the quaint shops and restaurants. Grammercy East is a small, friendly, well maintained complex in a quiet area of southeast Torrance, close to all the shopping, entertainment and amenities this vibrant city has to offer. Since the original owner, it has just been completely updated with new paint and carpet throughout. Each of the 3 bathrooms have been newly accented with modern hardware, new flooring, tub and shower renewal. New ceiling fans carry the modern approach throughout the home; literally no expense was spared to create a clean, modern, private space. The primary en-suite bedroom features a sunny nook for an office, sitting area or reading space. The second, spacious bedroom has a full bath adjacent. The kitchen has a newly replaced gas stove and dishwasher, with both an eating area and separate dining space with ‘pass thru’ to keep you connected to you family and friends while preparing a meal. The large living room has a gas fireplace with oversized windows overlooking a tranquil forest-like view. Sitting below in the common area is a sparkling family pool to cool off on our hot CA days and spa to warm up when the nights get chilly. Subterranean, oversized garage will keep your vehicle clean and secure; plenty of room for storage as well. Conveniently located close to the 110, 405 and 91 freeways, your commute will be a breeze. ***SELLER OFFERING 2/1 INTEREST RATE BUY-DOWN, SAVING BUYER THOUSANDS OF DOLLARS AT TIME OF PURCHASE ***
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 | 1,141 |
| Lot Size | 29,123 | 214,786.5 |
| Price | $719.0K | $582.6K |
| Price per sq ft | $607 | $587 |
| Built year | 1986 | 1983 |
| HOA | $516.0 | $546 |
| Days on market | 42 | 68 |
Jun 10, 2026
$719,000
Initial Listing