$935,000
SOLD OCT 21, 2020
3 Beds
2 Baths
1,808 Sq Ft
5,101 Sq Ft Lot

Recently Sold

$517 Per Sq Ft

4% Above List Price

4 Days on Market

Highlights

  • Laundry Room
  • Bike Trail
  • 1-Story Property
  • J. H. Hull Middle School Rated A-
  • Front Yard

About This Home

As of August 2025

Welcome to Old Torrance, a jewel within the South Bay, designed by famed landscape architect Frederick Law Olmstead, Jr. It is easy to fall for this charming neighborhood, and even easier to fall head over heels for this adorable craftsman duplex on Gramercy Aveneue, the city's first residential street. The front house consists of a spacious 2-bed, 1-bath detached home with a huge, grassy front yard. In back, lofted above a large three-car garage sits an oversized 1-bedroom, 1-bathroom unit that was added in 2008. Both units share a private backyard with ample green space and enjoy central HVAC. Easy to manage property with great rental income and a desirable location in very high demand. This is an excellent opportunity to owner-occupy, purchase as a first-time real estate investment, or add to your portfolio as dependable property that you will be proud to own. Attractively priced with loads upside to be had by a savvy buyer.

Last Agent to Sell the Property

Richard Haynes

Haynes Real Estate License #01779425 Listed on: 09/11/2020

Last Buyer's Agent

Steve Hutchins

Century 21 Union Realty License #01163739

Century 21 Union Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,433

Year Built

  • Built in 1912

Lot Details

  • 5,101 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,808 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Private Water Source

Listing and Financial Details

  • Legal Lot and Block 22 / 20
  • Tax Tract Number 6509
  • Assessor Parcel Number 7357016022

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $52,080
  • Net Operating Income $35,727

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,433

Year Built

Built in 1912

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Zoning: TORR-LM
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7357016022
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 517.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5101.00
  • Lot Size Acres: 0.1171

Multi Family

  • Gross Income: 52080.00
  • Gross Multiplier: 17.25
  • Gross Operating Income: 51038.00
  • Gross Scheduled Income: 52080.00
  • Lot Size Area: 5101.0000 Square Feet
  • Net Operating Income: 35727.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15311.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: 20
  • Tax Census Tract: 6509.02
  • Tax Lot: 22
  • Tax Tract Number: 6509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2025
Closed on
Aug 21, 2025
Sold by
Gebremichael Finhas Habtegiorgis
Bought by
Keleta Eritrea T
Seller's Agent
Steve Hutchins
Century 21 Union Realty
Buyer's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,175,000
Sold Price
$1,090,000
Premium/Discount to List
-$85,000
-7.23%
Views
106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
188.91%
Original Mortgage
$1,053,621
Outstanding Balance
$1,053,621
Interest Rate
6.72%
Mortgage Type
FHA
Estimated Equity
$108,020

Purchase Details

Listed on
May 20, 2025
Closed on
Aug 19, 2025
Sold by
Lazo Genemar Arthur and Broas-Lazo Irma
Bought by
Keleta Bereket T and Keleta Eritrea T
Seller's Agent
Steve Hutchins
Century 21 Union Realty
Buyer's Agent
David Messiah
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,175,000
Sold Price
$1,090,000
Premium/Discount to List
-$85,000
-7.23%
Views
106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,621
Outstanding Balance
$1,053,621
Interest Rate
6.72%
Mortgage Type
FHA
Estimated Equity
$108,020

Purchase Details

Listed on
Sep 11, 2020
Closed on
Oct 14, 2020
Sold by
Spierer Joseph R and Spierer Cynthia A
Bought by
Lazo Genemar Arthur and Broas Lazo Irma
Seller's Agent
Richard Haynes
Haynes Real Estate
Buyer's Agent
Steve Hutchins
Century 21 Union Realty
List Price
$899,000
Sold Price
$935,000
Premium/Discount to List
$36,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.22%
Original Mortgage
$701,250
Interest Rate
2.8%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Sep 11, 2020
Closed on
Sep 10, 2020
Sold by
Spierer Joseph R and Spierer Cynthia A
Bought by
Spierer Joseph R and Spierer Cynthia A
Seller's Agent
Richard Haynes
Haynes Real Estate
Buyer's Agent
Steve Hutchins
Century 21 Union Realty
List Price
$899,000
Sold Price
$935,000
Premium/Discount to List
$36,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$701,250
Interest Rate
2.8%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Jan 10, 2012
Closed on
May 3, 2012
Sold by
Rhodes Louise M
Bought by
Spierer Joseph and Glucksman Cynthia
Seller's Agent
Lesley Siegel
Compass
Buyer's Agent
Diane Stone
Compass
List Price
$575,000
Sold Price
$565,000
Premium/Discount to List
-$10,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
Original Mortgage
$452,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2009
Sold by
Nannie Barry Bruce and Rhodes Nannie Louise Mary
Bought by
Rhodes Louise M

Purchase Details

Closed on
Nov 30, 2006
Sold by
Barry Rhodes Nannie Louise and Barry Nannie
Bought by
Nannie Barry Bruce and Rhodes Nannie Louise Mary

Purchase Details

Closed on
Nov 5, 2004
Sold by
Nannie Barry and Nannie Louise M
Bought by
Nannie Barry and Rhodes Nannie Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2003
Sold by
Bailey Raymond J and Adams Nicole
Bought by
Nannie Barry and Nannie Louise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 6, 2003
Sold by
Bailey Raymond J
Bought by
Bailey Raymond J and Adams Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,800
Interest Rate
6.25%

Purchase Details

Closed on
Jan 9, 2003
Sold by
Braden William J and Braden Zuleika D
Bought by
Bailey Raymond J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,800
Interest Rate
6.25%

Purchase Details

Closed on
Mar 15, 2002
Sold by
Braden William J and Braden Zuleika D
Bought by
Braden William J and Braden Zuleika D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.85%

Purchase Details

Closed on
Aug 18, 2000
Sold by
Kuithe Esther
Bought by
Braden William J and Braden Zuleika D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,100
Interest Rate
8.01%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Priority Title
Grant Deed $1,090,000 Priority Title
Grant Deed $935,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $565,000 Progressive Title Company
Grant Deed -- Progressive Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Chicago Title
Grant Deed $420,000 Lawyers Title
Interfamily Deed Transfer -- --
Individual Deed $336,000 First American Title Co
Interfamily Deed Transfer -- Orange Coast Title
Grant Deed $209,000 Continental Land Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,053,621 FHA
Previous Owner $701,250 Stand Alone Second
Previous Owner $452,000 New Conventional
Previous Owner $390,000 Purchase Money Mortgage
Previous Owner $42,000 Credit Line Revolving
Previous Owner $315,000 Purchase Money Mortgage
Previous Owner $268,800 No Value Available
Previous Owner $240,000 No Value Available
Previous Owner $188,100 No Value Available
Closed $67,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Sold $1,090,000 -7.2% $633 / Sq Ft
08/15/2025 08/15/25 For Sale $1,175,000 0.0% $682 / Sq Ft
07/29/2025 07/29/25 Pending -- -- --
07/24/2025 07/24/25 Pending -- -- --
05/20/2025 05/20/25 For Sale $1,175,000 +25.7% $682 / Sq Ft
10/21/2020 10/21/20 Sold $935,000 +4.0% $517 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $899,000 +59.1% $497 / Sq Ft
05/09/2012 05/09/12 Sold $565,000 -1.7% $313 / Sq Ft
02/29/2012 02/29/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $575,000 -- $318 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $11,433 $1,012,072 $579,100 $432,972
2024 $11,433 $992,229 $567,746 $424,483
2023 $11,221 $972,774 $556,614 $416,160
2022 $11,071 $953,700 $545,700 $408,000
2021 $10,874 $935,000 $535,000 $400,000
2020 $7,628 $648,896 $602,960 $45,936
2019 $7,520 $636,174 $591,138 $45,036
2018 $7,280 $623,701 $579,548 $44,153
2016 $6,955 $599,485 $557,045 $42,440
2015 $6,804 $590,481 $548,678 $41,803
2014 $6,632 $578,916 $537,931 $40,985
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20188132

California Regional Multiple Listing Service (CRMLS)

APN: 7357-016-022