16925 Prairie Avenue, Torrance, CA 90504

Torrance
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
16925 Prairie Avenue,Torrance, CA 90504
$6,500,000
  • 28 Beds
  • 27 Baths
  • 12,021 sq. ft.
  • Multi-family
  • Active
Listed by: manny nunez
Office: cb richard ellis, inc.
MLS#:26859675
Source:CRMLS

Price summary

  • Price:$6,500,000
  • Price per sq. ft.:$540.72

About this home

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.

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Home facts

  • Year built:1964
  • Listing ID #:26859675
  • Added:72 day(s) ago
  • Updated:September 24, 2026 at 11:07 AM

Rooms and interior

  • Bedrooms:28
  • Total bathrooms:27
  • Living area:12,021 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1964
  • Building area:12,021 sq. ft.
  • Lot area:0.35 Acres

Finances and disclosures

  • Price:$6,500,000
  • Price per sq. ft.:$540.72

Parking

  • Total parking spaces:15
  • Parking description:Gated
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