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

2720 Gramercy Avenue 5, Torrance, California 90501 home-pic-0

2720 Gramercy Avenue 5

Torrance, California 90501

ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,184Sq Ft
29,123Lot Size

Property Price

LIST PRICE$765,000

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

Good
TeardownExcellent

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

5/10

Fern Elementary School

Grades K-5 • 1.3 mi

6/10

J. H. Hull Middle School

Grades 6-8 • 0.3 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths3.02.0
67%
Square foot1,1841,008
67%
Lot Size29,12325,366.5
50%
Price$765.0K$592.5K
67%
Price per sq ft$646$632
58%
Built year19862000
17%
HOA$500.0$375
67%
Days on market217168
75%

Pricing History

Listed for Sale

Aug 1, 2025

$765,000

Initial Listing

Browse Properties by State Browse housing market trends by state