16925 Prairie Ave - Apartments FOR SALE


Torrance, CA 90504
$6,501,396 USD
310-925-2551
16925 Prairie Ave, Torrance, CA for Sale
$6,501,396 USD
Apartments - FOR SALE
1/8
null | 6.23% Cap Rate

16925 Prairie Ave
Torrance, CA 90504


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,501,396 USD

PRICE/SF

$541 USD /SF

# OF UNITS

29

PRICE/UNIT

$224,186

CAP RATE

6.23%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Durable, Recession-Resistant, Cash Flow-29U

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,434 SF

ZONING

TOCC-GEN

APN/PARCEL ID

4087-018-001

ASK ABOUT THIS PROPERTY

Manny NunezCBRE, Inc.More Info
310-925-2551

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Manny NunezCBRE, Inc.More Info
310-925-2551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.