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    Property profile & analytics

    1622 Gramercy Ave Torrance, CA 90501-3262

    • Retail space
    • 2,590 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $1,210,000
    Last Sale
    Dec 06, 2022
    $1,325,013
    Location Intelligence
    Property ID
    US09-9092475
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ideation Consultancy Inc. / Consultant / Business Management Consultant
    • Michael J Mulligan Dev Inc / Delivery Service / Moving And Storage Service
    • Brand Thirty Three Inc. / Advertising Agency
    • Tru Blu Solutions Appliance Outlet / Used Appliance Store / Appliance Parts Supplier

    Property Details for 1622 Gramercy Ave

    Year built
    2010
    Construction
    WOOD
    Lot size
    0.25 lot acres
    Property size
    2,590 SF
    Zone code
    TOC1*
    Property type
    Retail space
    APN
    7355-024-043
    APU
    7355024043

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,265,000
      6.5%
      $1,270,000
      7%
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,165,000
      Geo Method
      $1,310,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,300,000
      Retail
      $1,245,000
      Mixed-Use
      $1,150,000
      Hospitality
      $1,060,000
      Educational
      $1,030,000
      Residential Income
      $1,280,000
      Energy
      $1,220,000
      Income-Based Land
      $1,225,000
      Food Service
      $1,120,000

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.315
    Latitude
    33.8324
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,443
    $571,200
    $780,300
    $1,351,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,644 SF

      23639 Arlington Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,644 SF
      23639 Arlington Ave, Torrance, CA 90501-6041
      View Details
    • Value Estimation by Request
      9,634 SF

      1659 Carson St

      RETAIL STORES (PERSONAL SERVICES) • 9,634 SF
      1659 Carson St, Torrance, CA 90501-3847
      View Details
    • Value Estimation by Request
      3,500 SF

      1627 Carson St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      1627 Carson St, Torrance, CA 90501-3846
      View Details
    • Value Estimation by Request
      6,113 SF

      1880 Carson St

      RETAIL STORES (PERSONAL SERVICES) • 6,113 SF
      1880 Carson St, Torrance, CA 90501-2831
      View Details
    • Value Estimation
      $1,530,000
      2,280 SF

      1745 Border Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      1745 Border Ave, Torrance, CA 90501-3602
      View Details
    • Value Estimation by Request
      16,772 SF

      1585 Sepulveda Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,772 SF
      1585 Sepulveda Blvd, Torrance, CA 90501-5121
      View Details

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    Similar Nearby for Lease

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      Retail space available for lease on Torrance Boulevard.
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    • $2 SF/Yr
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      Retail Space Available For Rent

      Retail space available for lease in Torrance, California.
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      Retail Space in Remodeled Building

      Retail space available in a completely remodeled mixed-use structure.
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    • $0.55 SF/Yr
      93,654 SF

      Freeway Adjacent Commercial Parking Lot

      2.15 acre commercial parking lot available for rent.
      18715 S Western Ave, Torrance, CA 90501
      View Details
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    1622 Gramercy Ave
    Torrance, CA 90501-3262
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    Realmo Value Estimation

    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.

    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.

    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
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