Luis Gallegos
Keller Williams Pacific Estates
(562) 337-3981
35 Total Sales
1 in East Torrance
$950,000 Price
1622 Gramercy Ave Torrance, CA 90501
East Torrance NeighborhoodEstimated Value: $1,577,815
21
Beds
22
Baths
14,980
Sq Ft
0.25
Acre Lot
Highlights
- Central Heating and Cooling System
- Torrance Elementary School Rated A-
- 16 Car Garage
About This Home
As of December 2021Prime 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.
Last Agent to Sell the Property
Forecast Realty Inc. License #00625505 Listed on: 09/16/2021
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $41,000
Year Built
- Built in 2010
Lot Details
- Two or More Common Walls
- Density is 6-10 Units/Acre
- 7355024042, 7355024041, 7355024040, 7355024039, 7355024038, 7355024037, 7355024036
Parking
- 16 Car Garage
- 2 Carport Spaces
- Parking Available
Home Design
- 14,980 Sq Ft Home
Bedrooms and Bathrooms
- 21 Bedrooms
- 22 Bathrooms
Additional Features
- Laundry in unit
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas, sewer, water
- Tax Lot 1
- Tax Tract Number 61985
- Assessor Parcel Number 7355024043
- $409 per year additional tax assessments
Community Details
Building Details
- 8 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 9 Separate Water Meters
- Electric Expense $3,000
- Insurance Expense $5,931
- Professional Management Expense $780
- Trash Expense $9,000
- Water Sewer Expense $2,520
- New Taxes Expense $41,000
- Operating Expense $62,231
- Gross Income $278,400
- Net Operating Income $216,169
Additional Features
- 8 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 21, 2022
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,120
Outstanding Balance
$336,974
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$1,240,841
Purchase Details
Closed on
Mar 23, 2022
Sold by
Bought by
Purchase Details
Closed on
Oct 27, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
3.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 1, 2018
Sold by
Bought by
Purchase Details
Closed on
Jan 30, 2017
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
4.32%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 2, 2011
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Torrance, CA
-
Luis Gallegos
-
Dennis Hartley
Dennis Hartley
Compass
(424) 541-1237
61 Total Sales
3 in East Torrance
$815K - $1M Price Range
-
Aaron Aalcides
Aaron Aalcides
Epique Realty
(424) 344-4752
62 Total Sales
3 in East Torrance
$80K - $483K Price Range
-
Tomoko Maruo
Tomoko Maruo
Responds QuicklyIndigo - A Real Estate Company
(424) 533-7926
16 Total Sales
1 in East Torrance
$955,000 Price
-
Sonia Amen
Sonia Amen
Lux Living Estates
(562) 268-0958
34 Total Sales
1 in East Torrance
$988,000 Price
-
Molly First
Molly First
Lyon Stahl Investment Real Estate, Inc.
(310) 734-4096
17 Total Sales
1 in East Torrance
$1,695,750 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,325,000 | Lawyers Title | ||
| -- | Accommodation/Courtesy Recordi | ||
| $828,000 | Lawyers Title | ||
| -- | Lawyers Title | ||
| $3,420,000 | Chicago Title Company | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $351,120 | ||
| Previous Owner | $2,400,000 | ||
| Previous Owner | $2,500,000 | ||
| Previous Owner | $2,500,000 | ||
| Previous Owner | $2,300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2021 12/29/21 | Sold | $5,750,000 | -4.2% | $384 / Sq Ft |
| 10/25/2021 10/25/21 | Pending | -- | -- | -- |
| 09/16/2021 09/16/21 | For Sale | $5,999,000 | -- | $400 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,697 | $1,378,530 | $582,624 | $795,906 |
| 2024 | $15,443 | $1,351,500 | $571,200 | $780,300 |
| 2023 | $15,154 | $1,325,000 | $560,000 | $765,000 |
| 2022 | $9,689 | $828,000 | $350,000 | $478,000 |
| 2021 | $6,542 | $547,048 | $163,682 | $383,366 |
| 2019 | $6,354 | $530,825 | $158,828 | $371,997 |
| 2018 | $6,176 | $520,417 | $155,714 | $364,703 |
| 2016 | $4,675 | $391,983 | $117,680 | $274,303 |
| 2015 | $4,575 | $386,096 | $115,913 | $270,183 |
| 2014 | $4,459 | $378,534 | $113,643 | $264,891 |
Source: Public Records
Agents Affiliated with this Home
-
Roger Hart
Seller's Agent in 2021
Roger Hart
Forecast Realty Inc.
(310) 781-2000
13 in this area
54 Total Sales
-
Dean Thomas
Buyer's Agent in 2021
Dean Thomas
E Real Estate Corp.
(310) 874-2451
2 in this area
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21205029
APN: 7355-024-043
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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