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Listed by: Manny Nunez (310) 550-2602 DRE #01990970 | CB Richard Ellis, Inc.
$6,500,000
Monthly Est:$32,353
28 Beds
27 Baths
12,021sqft
16925 Prairie Ave, Torrance, CA 90504
$6,500,000
$32,353/moEst:
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Multi Family
Built in 1964
$-- HOA
15,438 sqft lot
$541/sq.ft
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.
- Houzeo last checked: 0 minutes ago
- Listing updated: September 22, 2026 at 1:12 am
- Source: California Regional MLS-CA | MLS#: 26859675
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1964
HOA Fees
-
Finished Area
12,021 sqft
Lot Size
15,438 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26859675
MLS Status
Active
Days on Market
89
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 28
Bathrooms: 27
Interior
Window Features
Double Pane Windows
Heating
Central
Construction
Year Built
Year Built: 1964
Home type
Multi Family
Property Condition
Updated Remodeled
Utilities & Energy
Parking Features
Gated
Pool Features
See Remarks
Security Features
Security Gate
Price History
| Date | Event | Price |
|---|---|---|
07/14/2026 Source: | Listed for Sale | $6,500,000 $541/sqft |
07/14/2026 Source: | Off Market | $6,500,000 +5.30% $541/sqft |
01/04/2021 Source: | Price Increased | $6,173,000 +18.71% $514/sqft |
11/28/2017 Source: | Sold | $5,200,000 $433/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 04:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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