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1622 Gramercy AVE Torrance, CA 90501
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Key Details
Sold Price $5,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,980 sqft
Price per Sqft $383
MLS Listing ID SB21205029
Sold Date 12/29/21
HOA Y/N No
Year Built 2010
Annual Tax Amount $41,000
Tax Year 2020
Lot Size 0.254 Acres
Acres 0.2541
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.
Location
State CA
County Los Angeles
Area 134 - Old Torrance
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Garage Covered, Garage
Garage Spaces 16.0
Carport Spaces 2
Garage Description 16.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Parking Type Covered, Garage
Total Parking Spaces 18
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7355024043
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Dean Thomas • E Real Estate Corp.