$5,999,000
1622 Gramercy Ave, Torrance, CA 90501
0 Beds
0 Baths
n/a sqft

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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&Rs were formed but never funded because its 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:
  • $5,999,000
  • Year Built:
  • 2010
  • Listing ID #:
  • SB21204970
  • Street Address:
  • 1622 Gramercy Ave
  • City:
  • Torrance
  • State:
  • California
  • Postal Code:
  • 90501
  • County:
  • Los Angeles
  • Community:
  • Old Torrance
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Number Of Units:
  • 8
  • Total # Of Buildings:
  • 1
  • Year Built:
  • 2010
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 3000.00
  • Annual Insurance Expenses:
  • 5931.00
  • Annual Trash Expenses:
  • 9000.00
  • Annual Water/Sewer Expenses:
  • 2520.00
  • Net Operating Income:
  • 216169.00
  • Operating Expense:
  • 62231.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Days On Market:
  • 35
  • Price Per Square Foot:
  • 400.47
  • Property Taxes:
  • $41,000
  • Tax Year:
  • 2020
  • Laundry Description:
  • Inside
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Central
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Roger Hart of Forecast Realty Inc. 00625505
  • CRISNET

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