16925 Prairie Avenue,Torrance, CA 90504
Torrance, CA 90504
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.
Details
| MLS # | 26859675 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 83 |
| Listing Provided By | CB Richard Ellis, Inc. | Manny Nunez |
Features
| Bed(s) | 28 |
|---|---|
| Bath(s) | 27 |
| SQ Feet | 12,021 |
| Story(s) | 3 |
| Units | 29 |
| Building(s) | 3 |
| Zoning | TOCC-GEN |
| Acreage | 0.35 |
Interior
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
| Window Features | Double Pane Windows |
Exterior
| Security Features | Security Gate |
|---|
Parking
| Parking Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Torrance |
| Zip Code | 90504 |
| Area | 132 N Torrance West |
| Listing VS Median (in 90504) | |
Price: $6,500,000 low | high Med: $996,000 sqft: 12,021 low | high Med: 1,521 $ / sqft: $541 low | high Med: $656 On site: 83 low | high Med: 14.5 | |
Market Activity 90504
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Torrance |
| Zip Code | 90504 |
| Area | 132 N Torrance West |
| Listing VS Median (in 90504) | |
Price: $6,500,000 low | high Med: $996,000 sqft: 12,021 low | high Med: 1,521 $ / sqft: $541 low | high Med: $656 On site: 83 low | high Med: 14.5 | |
