16925 Prairie Avenue, Torrance, CA 90504
List Price: $6.5M
Listing Status: Active
0Days on Market: 0
28 Bedrooms · 27 Bathrooms · 12,021 sq ft
Property Type: ResidentialIncome
Year Built: 1964
Lot Size: 15,438 sq ft
Private Pool: Yes
MLS Number: 26859675
About This Property
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.
Listing provided by: Manny Nunez DRE #01990970 3105502602 manny.nunez@cbre.com, CB Richard Ellis, Inc.
Source: CRMLS, MLS #: 26859675
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.