2720 Gramercy Avenue 5, Torrance, California 90501, Torrance, 90501 - 2 bed, 3 bath
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Torrance, California 90501
This Beautifully Reimagined Corner Condominium is listed at $765,000, representing a stable entry point at its $765,000 Fair Market Value. The property holds a Good Condition Rating following extensive updates, including new paint, carpet, and modern bathroom hardware. Key features include a tranquil forest-like view, a private oversized garage, and access to a community pool and spa. Situated in the Torrance Unified School District near Torrance High, this turnkey home is bolstered by a seller-offered 2/1 interest rate buy-down. It is ideal for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2720 Gramercy Avenue 5 Subject | $739,000* List Price | 2 | 3 | 1,184 | $624 | - |
A 2349 Jefferson Street 313 Sold | $745,000 | 2 | 2 | 1,090 | $683 | 0.7 mi |
B 1534 Marcelina D Sold | $610,000 | 2 | 1 | 843 | $724 | 0.8 mi |
C 1800 Oak Street 350 Sold | $930,000 | 3 | 3 | 1,490 | $624 | 0.7 mi |
D 2740 Gramercy 12 Active Under Contract | $749,900 List Price | 3 | 2 | 1,204 | $623 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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).
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.
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.
While ceiling fans are mentioned, the description does not specify central air conditioning, which could be a comfort concern during hot California days.
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.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 73% |
| Square foot | 1,184 | 974 | 73% |
| Lot Size | 29,123 | 21,610 | 53% |
| Price | $739.0K | $595.0K | 67% |
| Price per sq ft | $624 | $624 | 50% |
| Built year | 1986 | 1993 | 27% |
| HOA | $500.0 | $350 | 67% |
| Days on market | 264 | 162 | 87% |
Apr 8, 2026
$739,000
$765,000
-3% Price Drop
Initial Listing
Aug 1, 2025
$765,000
Initial Listing