Address
1622 Gramercy Avenue Torrance, CA
Price
$ 5,999,000
Property Attributes
  • MLS#SB21205029
  • TypeIncome
  • CountyLOS ANGELES
  • CityTorrance
  • AreaOld Torrance
  • Zip90501
  • Style
  • Year Built2010
  • Taxes$ 41000
  • Price$ 5,999,000
  • Bedrooms21
  • Full Bathrooms22
  • Half Bathrooms0
  • Sqr Footage14980
  • Lot Size11,069 SqFt
Listing Provided Courtesy Of:
Roger Hart with Forecast Realty Inc. - 310-350-1749
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

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.

Price History
9/17/2021 Listed $5,999,000

General Features

Additional Parcels Description 7355024042, 7355024041, 7355024040, 7355024039, 7355024038, 7355024037, 7355024036
Additional Parcels Y/N Yes
Carport Spaces 2
Carport Y/N Yes
Community Features Curbs, Street Lights, Sidewalks
Cooling Central Air
Garage Spaces 16
Garage Y/N Yes
Heating Central
Listing Agent Roger Hart - BRE#00625505
Listing Agent State License 00625505
MLS Area 134 - Old Torrance
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Submit
Total Units 8
Water Sewer Expense 2520

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Heating Y/N Yes
Laundry Features Inside

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.25
Lot Size Area 11069
Lot Size Source Assessor
Lot Size Square Feet 11069
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 9
Number of Separate Gas Meters 9
Number of Separate Water Meters 9
Parking Features Covered, Garage
Total Parking 18
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90501

Price
AVG $1.56M
$6M
Taxes
AVG $41,000
$41,000
Visits
AVG 28
51
Year Built
AVG 1952
2010
Walkscore
AVG 74
95
Data Provided by Walkscore ® not using MLS data

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