Property Details

1622 Gramercy Ave Torrance, California 90501

Offered at $5,999,000
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Listing Agent: Roger Hart
Phone: 3107812000
MLS Number: SB21205029
Status: Pending
Type: Commercial
Year Built: 2010
Sq. Ft: 14980
Lot Size: 11069

Separately Deeded 8 Unit Commercial/Residential Mix Building

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&R’s were formed but never funded because it’s 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)

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