2721 Gramercy Avenue 2
Torrance, CA, 90501
$689,000
MLS: SB26173634
Beds
2
Baths
2
Sq Ft
1,034
Lot
0.28 ac
Year Built
1983
MLS #
SB26173634
Days on Market
10
Listed
Aug 12, 2026
Description
Look no further—your home search ends here! Welcome to this amazing and affordable 2-bedroom, 1.5-bath townhome in the heart of Old Torrance. Offering a spacious, open-concept layout and plenty of outdoor space, this home is both comfortable and conveniently located. The main level features a bright and spacious living area that flows seamlessly into the dining area and open kitchen, complete with convenient counter seating. Step outside to enjoy two great outdoor spaces—a private balcony off the kitchen, perfect for BBQs, and a huge front deck ideal for relaxing, entertaining, or enjoying the California sunshine. Upstairs, the primary bedroom features a vaulted ceiling, while the second bedroom offers a walk-in closet. Both bedrooms share a Jack-and-Jill bathroom that has been recently updated with new vanities, countertops, mirrors, and a new tub and shower combination. A conveniently located washer and dryer and a large linen closet add to the functionality of the upper level. Numerous recent updates include newer double pane windows upstairs, new ceiling fans in both bedrooms, and a brand-new water heater. Secure parking is located beneath the building and includes two side-by-side parking spaces plus a dedicated storage area. Added Bonus! HOA installed a new roof in May 2026! Enjoy a prime Torrance location close to Torrance Park, Wilson Park, Del Amo Fashion Center, and an array of shops, restaurants, and everyday conveniences. With its spacious layout, multiple outdoor areas, recent upgrades, and excellent location, this townhome is a fantastic opportunity to call Torrance home!
Location
Torrance, Los Angeles County, CA 90501
Open on Google Maps ↗Listed by: Tony Scarangello · Douglas Elliman of California, Inc.
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
$5,662
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $68,900 · Loan: $620,100
Average 30-yr fixed rate 6.65% as of Aug 20, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,981
- Property tax (1.25%)
- $718
- Homeowners insurance
- $300
- Mortgage insurance
- $258
- HOA dues
- $405
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 Aug 20, 2026
- 30-year fixed
- 6.65%
- 15-year fixed
- 5.95%
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 $24,115 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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