CA > Torrance
Torrance, CA 90501,1622 Gramercy Avenue
Torrance, CA 90501,1622 Gramercy Avenue
Torrance, CA 90501,1622 Gramercy Avenue
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Dean Thomas • E Real Estate Corp.
$5,850,000
Est. payment /mo
13,270 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 13,270 sqft

Price per Sqft $440

MLS Listing ID SB-22201020

Year Built 2010

Lot Size 0.254 Acres

Property Sub-Type Condominium

Property Description

Excellent and unique opportunity in downtown Torrance. Mixed-use building with 6 residential units, 1 commercial suite, 6 two-car garages; optional, can be converted to ADUs. This property has 7 separate deeds and APNs, updated budgets, bylaws and CC&Rs. Market rents average $4750 per unit; approximately $400,000 per year income. Property is priced at approximately 5.141% cap. Property has been completely upgraded throughout. Commercial tenant at ground floor has two years left on lease. The commercial suite comes with sign rights and permissible uses for office, medical, restaurants and animal services. This building is a perfect investment opportunity to buy 7 separate units in bulk. The owner of the property has the individual units on the market, but will give serious consideration to a bulk sale transaction.

Location

State CA

County Los Angeles

Area 134 - Old Torrance

Zoning TOC1*

Interior

Laundry Inside

Exterior

Parking Features Gated

Garage Spaces 12.0

Pool None

Community Features Sidewalks, Suburban

Building

Sewer Public Sewer

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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Phone*

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