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    1920 Gramercy Ave Torrance, CA 90501

    View on Map
    Sponsored
    For Sale
    $1,000,000

    Spanish, Duplex - Torrance, CA

    Type:Duplex
    Property size:
    1,455 SF
    Lot size:
    5,102.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 5 at 6:06 am

    Property Features for 1920 Gramercy Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Kitchen, Laundry, Living Room
    Bedrooms
    2
    Bathrooms
    2
    APN
    7357015017
    Parking
    4
    Parking features
    Driveway
    Interior features
    Built-in Features
    Exterior features
    Fence, Community Features Included: Curbs, Sidewalks, Park, Sprinklers In Front, Level With Street, Landscaped, Level, Park Nearby, Front Yard, Back Yard, Lawn
    Fencing
    Fenced
    Appliances
    Oven - Gas, Range, Range - Gas, Refrigerator
    Size
    1,455 SF
    Lot size
    5,102.00 Acres

    Utilities

    Heating system
    Floor Furnace, Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1912
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Wood
    Roof type
    Tile
    Architectural style
    Spanish

    We can help!

    Listing Contact
    Vicki Leach

    Vista Sotheby's International Realty (310) 541-8271

    Listing agent Vicki Leach (310) 541-8271 License #01341908

    Listing date Mar 4, 2026

    MLS# SB26038821 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Restored Spanish-Style Duplex in Torrance

    This restored 1920s Spanish-style duplex is located in Old Torrance. Inspired by the work of architect Irving Gill, this casita-style property blends classic character with modern updates. The property is suitable as an owner-occupied residence or a premium investment. Both units have been renovated while preserving the soul of the home, featuring classic built-ins and period details. Each unit has its own separate laundry. At the rear of the property, a Spanish-inspired courtyard features a fountain, bougainvillea, and a raised flower bed. The detached garage has been converted into a gym. Two off-street parking spots are accessible from the rear alley. The property is located near the Old Torrance Railroad Train Bridge, surrounded by tree-lined streets and historic homes. It provides access to local shops, dining, and coastal amenities. The property is situated on an R2 lot, and has the potential to add an ADU above the existing garage. The property size is 1455 square feet and the lot size is 0.11712580348943984 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.3163672
    Latitude
    33.8282423

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    FAQs

    What type of property is this?
    Duplex - Restored 1920s Spanish-style duplex in Old Torrance with modern updates.
    Where is this duplex located?
    The property is located at 1920 Gramercy Ave Torrance, CA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Restored 1920s Spanish-style duplex in Old Torrance, blending historic charm with modern updates.; - Each unit has separate laundry, offering convenience and privacy.; - Serene Spanish-inspired courtyard with fountain and bougainvillea.
    (310) 541-8271
    Request Owner's contact information
    1920 Gramercy Ave Torrance, CA 90501
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    Torrance, CA 90501
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1920 Gramercy Ave Torrance, CA 90501
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    We can help!
    Listing Contact
    Vicki Leach
    Real Estate License ID: 01341908
    (310) 541-8271
    Learn more
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