2720 Gramercy Avenue 5, Torrance, California 90501, Torrance, 90501 - 2 bed, 3 bath

2720 Gramercy Avenue 5
Torrance, California 90501
Property Price
SUMMARY
Analysis of 2720 Gramercy Avenue 5, Torrance, California 90501 is currently available with a list price of $765,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Torrance Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1986, has undergone significant recent renovations including new paint, carpet, updated bathrooms with modern hardware and new flooring, and new ceiling fans. The kitchen features newly replaced gas stove and dishwasher, and new flooring. While these updates make the home move-in ready and aesthetically pleasing, the kitchen retains its original wood cabinets and tile countertops, which are functional but dated. This prevents it from reaching an 'Excellent' score, as not all components are new or virtually new, but it comfortably fits the 'Good' category due to its extensive recent updates and move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Recent Renovation
The condominium has been beautifully and completely updated with new paint, carpet, modern bathroom accents, new flooring, tub/shower renewal, new ceiling fans, and replaced kitchen appliances (gas stove, dishwasher), offering a move-in ready modern space.
- Prime Location & Community
Situated in a quiet, well-maintained complex (Grammercy East) in southeast Torrance, it's a short walk to a park, close to shopping, entertainment, amenities, and offers convenient freeway access (110, 405, 91).
- Attractive Amenities & Features
Includes an oversized private patio, a gas fireplace, in-unit second-floor washer/dryer hook-ups, access to a community pool and spa, and a subterranean oversized garage with ample storage.
CONSRISKS & DEFICIENCIES
- Association Fees
The property has a monthly association fee of $500.0, which adds to the ongoing cost of ownership and may be a deterrent for some buyers.
- Lack of Explicit Central Air Conditioning
While ceiling fans are mentioned, the description does not specify central air conditioning, which could be a comfort concern during hot California days.
- Age of Building Structure
Built in 1986, the condominium, despite recent interior renovations, is an older structure. This could potentially lead to future maintenance or assessment costs related to the building's common elements or systems not covered by the recent updates.
About 2720 Gramercy Avenue 5
Nestled among Canary Island pine trees just a short walk to the park sets this beautifully renovated condominium. Sit on your oversized patio and watch the world go by while just inside the serenity of this corner unit rest and relaxation awaits. 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. Interior washer and dryer hook-ups on second floor; no need to lug laundry to a community laundromat. 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 ***
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 29,123 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $500.0 / Month
Neighborhood Insights
Torrance Unified Schools
Torrance Elementary School
Grades K-5 • 0.2 mi
Fern Elementary School
Grades K-5 • 1.3 mi
J. H. Hull Middle School
Grades 6-8 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,184 | 1,008 | 67% |
| Lot Size | 29,123 | 25,366.5 | 50% |
| Price | $765.0K | $592.5K | 67% |
| Price per sq ft | $646 | $632 | 58% |
| Built year | 1986 | 2000 | 17% |
| HOA | $500.0 | $375 | 67% |
| Days on market | 217 | 168 | 75% |
Pricing History
Listed for Sale
Aug 1, 2025
$765,000
Initial Listing


































