16925 Prairie Avenue, Torrance, CA 90504
- $6,500,000
- 28
- BD
- 27
- BA
- 12,021
- SqFt
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- 26859675
- Year Built
- 1964
- Bedrooms
- 28
- Bathrooms
- 27
- Living Sq. Ft
- 12,021
- Lot Size
- 15,438
- Acres
- 0.35
- Days on Market
- 13
- Property Type
- Multifamily
- Stories
- Three Or More Levels
Property Description
16925 Prairie Avenue is a 29-unit multifamily community on the northwest corner of Torrance, directly across from 84-acre Alondra Park and seconds from the 405 Freeway. The unit mix comprises 2 studios, 24 one-bedrooms, and 3 two-bedrooms - including two newly constructed (2025) ADUs that are solar-powered, all-electric, individually metered, and exempt from rent control. Approximately 83% of income is government-backed or voucher-supported, delivering durable, recession-resistant cash flow, while in-place rents sit roughly 18% below market. SB 721 compliant, passed November 2025. With ~90% of units renovated, a fully repaved parking lot, new security cameras, three on-site laundry facilities, and secured access, this is a turnkey asset with a clear, low-capital runway to push rents toward market.
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Additional Information
- Pool Description
- See Remarks
- Heat
- Central
- Attached Structure
- Detached
- Number Of Units Total
- 29
Listing courtesy of Listing Agent: Manny Nunez (manny.nunez@cbre.com) from Listing Office: CB Richard Ellis, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.