2720 Gramercy Avenue 5
Torrance, CA, 90501
$739,000
MLS: PV25152030
Beds
2
Baths
3
Sq Ft
1,184
Lot
0.67 ac
Year Built
1986
MLS #
PV25152030
Days on Market
255
Listed
Aug 1, 2025
Description
Where else can you find an interior laundry, gas stove and a gated private oversized garage in a condominium??? Just a short walk from the local park is this beautifully reimagined corner unit sitting among canary pines providing cool breezes day and night. Watch the world go by from your patio or relax by the sparkling pool, take a short trip to the Farmers Market or Old Towne Torrance to enjoy the quaint shops and restaurants. Grammercy East is a small, friendly, well maintained complex in a quiet area of southeast Torrance, close to all the shopping, entertainment and amenities this vibrant city has to offer. Since the original owner, it has just been completely updated with new paint and carpet throughout. Each of the 3 bathrooms have been newly accented with modern hardware, new flooring, tub and shower renewal. New ceiling fans carry the modern approach throughout the home; literally no expense was spared to create a clean, modern, private space. The primary en-suite bedroom features a sunny nook for an office, sitting area or reading space. The second, spacious bedroom has a full bath adjacent. The kitchen has a newly replaced gas stove and dishwasher, with both an eating area and separate dining space with ‘pass thru’ to keep you connected to you family and friends while preparing a meal. The large living room has a gas fireplace with oversized windows overlooking a tranquil forest-like view. Sitting below in the common area is a sparkling family pool to cool off on our hot CA days and spa to warm up when the nights get chilly. Subterranean, oversized garage will keep your vehicle clean and secure; plenty of room for storage as well. Conveniently located close to the 110, 405 and 91 freeways, your commute will be a breeze. ***SELLER OFFERING 2/1 INTEREST RATE BUY-DOWN, SAVING BUYER THOUSANDS OF DOLLARS AT TIME OF PURCHASE ***
Location
Torrance, Los Angeles County, CA 90501
Open on Google Maps ↗Listed by: Pamela Hayes · Kanso Realty
Payment estimate
$5,433
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $73,900 · Loan: $665,100
- Principal & Interest
- $4,086
- Property tax (1.25%)
- $770
- Homeowners insurance
- $300
- Mortgage insurance
- $277
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Torrance home with as little as 3.5% down using an FHA loan — roughly $25,865 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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