Address
16925 Prairie Avenue, Torrance, CA
Price
$ 6,500,000
Property Attributes
- MLS#26859675
- TypeSingle 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 | SeeRemarks |
| Security Features | SecurityGate |
| Year Built | 1964 |
| Levels | ThreeOrMore |
| Gross Income | 650110 |
| County | Los Angeles |
| Net Operating Income | 405037 |
| New Construction | false |
| Property Type | ResidentialIncome |
| 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 | SquareFeet |
| Lot Size Square Feet | 15438 |
| Property Condition | UpdatedRemodeled |
| 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 | DoublePaneWindows |
| 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 Single Family Average in 90504
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 19, 2026 7:23 PM UTC 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.
