Address
16925 Prairie Avenue, Torrance, CA
Price
$ 6,500,000
Property Attributes
- MLS#26859675
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityTorrance
- Area N Torrance - West
- Zip90504
- Style
- Year Built1964
- Price$ 6,500,000
- Bedrooms28
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage12021
- Lot Size0.3544 Acres
Data Source:
California Regional MLS (CRMLS)
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.
| Price History | |
|---|---|
| 7/14/2026 | Listed $6,500,000 |
General Features
| Living Area | 12021 |
|---|---|
| Heating | Central |
| Zoning | TOCC-GEN |
| Pool Features | See Remarks |
| Security Features | Security Gate |
| Year Built | 1964 |
| Levels | Three Or More |
| Gross Income | 650110 |
| County | Los Angeles |
| Net Operating Income | 405037 |
| New Construction | false |
| Property Type | Residential Income |
| HOA | false |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | 1 Block south of Redondo Beach Blvd, and west of Crenshaw Blvd. |
| City | Torrance |
| Senior Community Y/N | false |
| Number Of Units Total | 29 |
| MLS Area | 132 - N Torrance - West |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 15438 |
| Property Condition | Updated/Remodeled |
| Rent Control Y/N | false |
| Standard Status | Active |
| Cap Rate | 6.23 |
| PostalCity | TORRANCE |
Interior Features
| Total Stories | 3 |
|---|---|
| Heating Y/N | true |
| Window Features | Double Pane Windows |
| Total Bedrooms | 28 |
| LivingAreaSource | Plans |
| Total Baths | 27 |
Exterior Features
| Parking Features | Gated |
|---|---|
| Total Parking | 15 |
| Lot Size Area | 15438 |
| Number of Buildings | 3 |
| Building Area Total | 12021 |
| Lot Size Acres | 0.3544 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90504
Price
Year Built
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