2720 Gramercy Avenue 5
Torrance, CA, 90501
$699,000
Original list price: $719,000
MLS: PV26126853
Beds
2
Baths
3
Sq Ft
1,184
Lot
0.67 ac
Year Built
1986
MLS #
PV26126853
Days on Market
108
Listed
Jun 10, 2026
Description
PRIVATE 2-CAR GARAGE • INTERIOR LAUNDRY • GAS RANGE • FHA APPROVED! These are just a few of the features that make this beautifully remodeled townhome a rare find in the heart of Torrance. Nestled in an intimate community of only 18 homes, this move-in ready residence offers 2 spacious ensuite bedrooms, 3 bathrooms, and the comfort, privacy, and convenience today's buyers are looking for. Extensively remodeled in 2025, the home features fresh designer paint in soothing neutral tones, new carpet, updated bathroom hardware, stylish ceiling fans with integrated lighting, and an inviting, light-filled interior. Mature trees outside create a peaceful setting while welcoming refreshing coastal breezes throughout the home. The spacious primary suite includes a charming alcove—perfect for a home office, reading nook, yoga space, or quiet retreat. A convenient guest bath is located on the main level. The private two-car garage with additional storage, interior laundry, and gas range are amenities rarely found together and offer everyday convenience that truly sets this home apart. Residents enjoy a sparkling pool and spa, mature landscaping, and a welcoming community with many long-term homeowners. Ideally located adjacent to a neighborhood park and just minutes from historic Old Torrance, the popular Farmers Market, restaurants, shopping, and entertainment. Outstanding Added Value! The HOA has retained professional management and is actively completing significant community improvements, including exterior stucco repairs, fascia replacement, landscaping enhancements, tree trimming, patio improvements, and pool upgrades. The seller has paid the special assessment in full, allowing the next owner to enjoy the benefits of these community improvements without that additional cost. This is a wonderful opportunity to own a beautifully updated home in an established neighborhood where the community is being thoughtfully revitalized.
Location
Torrance, Los Angeles County, CA 90501
Open on Google Maps ↗Listed by: Pamela Hayes · Kanso Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,004
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $69,900 · Loan: $629,100
Average 30-yr fixed rate 7.03% as of Sep 24, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,198
- Property tax (1.25%)
- $728
- Homeowners insurance
- $300
- Mortgage insurance
- $262
- HOA dues
- $516
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 Sep 24, 2026
- 30-year fixed
- 7.03%
- 15-year fixed
- 6.42%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $24,465 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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Local Market Stats
See Torrance, CA 90501 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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