1622 Gramercy Avenue, Torrance, CA 90501 | SB21204970 | Vista Sotheby’s International Realty

1622 Gramercy Avenue $5,999,000


    1622 Gramercy Avenue Torrance, CA 90501

    • 14,980 sq. ft.
    • 0.25 Acres
    • Commercial Sale
    • MLS# SB21204970
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    Views: 24 Days On Market: 39

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    Property Details

    Prime Location Building off the corner of Gramercy Ave. and Cravens Ave. in Old Torrance. This sale consists of 8 SEPARATELY DEEDED commercial and residential mix units with the main commercial store front being 1622 Gramercy Ave. In addition to the commercial unit, the remaining 7 are residential townhomes (6 -3bd/3ba; 1 - 3bd/4ba) , 3 with commercial tags. Each unit has their own two-car garage with alley access and outdoor space. Several units have AC, plus there is a shared outdoor courtyard with a stylish fountain and a large lattice covered patio. Great investment opportunity of this newer built 2010 complex. When property was constructed, the HOA/CC&R's were formed but never funded because it's been owned as a whole. All 8-units are deeded separately and can be sold separately. As such, property is not subject to statewide rent control (subject to Buyer qualifying for the exemption). SEE SUPPLEMENTS FOR FLOOR PLANS & WHITE REPORT.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Leased 8
      • Number Of Units Total 8
      • YearBuilt 2010
    • Building Features
      • Cooling Central Air
      • Heating Central
      • Laundry Features Inside
    • Property Features
      • Lot Features 6-10 Units/Acre
      • Lot Size Acres 0.25



    90501 (Torrance) Demographics

    38 Median Age
    7,412 Population Density (per sq. mile)
    43% College Educated
    $71,712 Estimated Median Income
    6,492 Estimated Total Home Owners
    7,750 Estimated Total Renters
    46% / 54% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    41,975 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $805,000 Median Sales Price
    19 Homes Sold
    28 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,999,000
        10/25/2021 11:00:53 AM Status Changed Source: Multiple Listing Service New Value: Pending
        9/16/2021 2:48:00 PM New in Database Source: Multiple Listing Service New Value: $5,999,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 11/27/2021 3:32:18 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.