16925 Prairie, Torrance, CA 90504
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
16925 Prairie,Torrance, CA 90504
$6,890,000
- - Beds
- - Baths
- 12,019 sq. ft.
- Multi-family
- Active
Listed by: justino faaola
Office: compass626-914-2904
MLS#:CV26021669
Source:CRMLS
Price summary
- Price:$6,890,000
- Price per sq. ft.:$573.26
About this home
We are proud to present 16925 Prairie Ave – a heavy cash-flowing 29-unit multifamily complex located in the City of Torrance. 16925 Prairie Ave is located in the Northwest region of the City of Torrance adjacent to Alondra Park and all it’s community amenities. The property is conveniently located just off of the 405 freeway and Redondo Beach Blvd, surrounded by Single Family Homes with an average home sales price exceeding $850,000. Additionally, the property is walking distance to several convenience stores and benefits from its proximity to several big-name retailers like Target, Kohls, Ralphs, Total Wine, and Trader Joes to name a few. Tenants value being within reasonable commutes to major employers like LA International Airport, Ports of Long Beach, DTLA, and others in nearby areas. The property offers 29 units, including 2 newly-constructed ADUs that have been leased out at market rate. The unit mix consists of 2, Studios, 24, one-bedrooms, and 3, two-bedroom apartments. Currently the property produces an outstanding annual income of over $643,000. The property has undergone a variety of recent capital improvements including a newly paved parking lot, a new room on 2 of the 3 buildings, electrical improvements, majority newer windows, renovated units, and more. A new investor will recognize the benefit of the heavy-cashflow through the capability of leveraging higher LTV debt opportunities. Tenants enjoy a grassy open courtyard space, on-site gated parking, and access to multiple laundry facilities....
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Home facts
- Year built:1964
- Listing ID #:CV26021669
- Added:104 day(s) ago
- Updated:May 14, 2026 at 10:41 AM
Rooms and interior
- Living area:12,019 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Year built:1964
- Building area:12,019 sq. ft.
- Lot area:0.35 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$6,890,000
- Price per sq. ft.:$573.26
Parking
- Parking description:Assigned
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