2740 Gramercy 12, Torrance, California 90501, Torrance, 90501 - 3 bed, 2 bath
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Torrance, California 90501
This Charming Turnkey Condo is a High-Potential Investment Opportunity, listed at $749,900—positioned well below the $872,219 Fair Market Value by 14%. This valuation gap offers $122,319 in Instant Equity. Boasting a Pristine Condition Rating, the home features a versatile loft conversion, an updated quartz kitchen, and vaulted ceilings. Located in the Torrance Unified School District near Torrance High School, the gated community includes a pool and spa. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in-ready home with significant equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2740 Gramercy 12 Subject | $749,900* List Price | 3 | 2 | 1,204 | $724 | - |
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 2720 Gramercy Avenue 5 Active | $765,000 List Price | 2 | 3 | 1,184 | $646 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in pristine, move-in-ready condition following extensive recent renovations that align with current market standards. The kitchen has been fully updated with modern two-tone cabinetry, quartz countertops, a subway tile backsplash, and stainless steel appliances. The interior features updated flooring, vaulted ceilings, and modernized bathrooms with contemporary vanities and fixtures. Furthermore, the community has addressed major maintenance items including a new roof and termite work, ensuring no immediate deferred maintenance.
The unique loft conversion provides a flexible additional space for a home office, guest room, or creative studio, maximizing the utility of the 1,204 square foot layout.
The community has recently completed significant maintenance including a new roof, termite work, and balcony inspections, reducing the risk of immediate special assessments for the new owner.
Located near Wilson Park and its famous farmer's market, this gated community offers excellent lifestyle perks including a pool, spa, and proximity to top-rated Torrance Unified schools.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The monthly HOA fee of $516 is relatively high, which may impact the debt-to-income ratio and overall affordability for first-time buyers or those on a strict budget.
The listing explicitly notes no views, which may be a drawback for buyers seeking natural light or an open outlook from their living areas.
Welcome to the Cute Chic Condo, a delightful, move-in-ready gem perfect for first-time buyers, young professionals, or anyone seeking a cozy urban retreat. This pristine 3-bedroom, 1.75-bath condo features a unique loft conversion that adds a fun, versatile space for an office, guest room, or creative nook. The updated kitchen boasts modern appliances and ample storage, and it flows seamlessly into a bright, open-concept living area that's ideal for entertaining or relaxing. Enjoy the comfort of a full bath and a convenient three-quarter bath, all wrapped in a warm, inviting ambiance. Located on a peaceful, quiet street within a secure gated community, you'll have access to fantastic amenities like a sparkling pool and relaxing spa. The neighborhood is family-friendly, with top-rated schools just a short distance away, and it's conveniently close to parks, shops, and dining options. Plus, being near Wilson Park means you can easily stroll to the twice-weekly farmer's market for fresh local goods. With its blend of comfort, convenience, and community perks, this condo is priced to sell and won't last long. Schedule a viewing today and make this charming haven your new home! Contact us now for more details. (The community just finished termite work, new roof, and balcony inspections)
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 | 3.0 | 2.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,204 | 974 | 73% |
| Lot Size | 29,123 | 21,610 | 53% |
| Price | $749.9K | $595.0K | 73% |
| Price per sq ft | $623 | $623 | 50% |
| Built year | 1986 | 1993 | 27% |
| HOA | $516.0 | $350 | 67% |
| Days on market | 27 | 141 | 7% |
Mar 26, 2026
$749,900
Initial Listing
Jul 6, 2018
$589,000
Public Record
Mar 21, 2017
$528,000
Public Record
Aug 3, 2011
$307,000
Public Record
Feb 9, 2006
$500,000
Public Record
Apr 28, 2003
$319,000
Public Record