- CENTURY 21 Real Estate
- California
- Torrance
- 16925 Prairie
16925 Prairie, Torrance, CA 90504
Local realty services provided by:CENTURY 21 Affiliated
16925 Prairie,Torrance, CA 90504
$7,200,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: justino faaola
Office: compass
MLS#:CV26021669
Source:San Diego MLS via CRMLS
Price summary
- Price:$7,200,000
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 its 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. Currently, the property collects just over $643,000 per year and requires less than 34% of the effective gross income for operating expenses. 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 sp
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Home facts
- Year built:6000
- Listing ID #:CV26021669
- Added:1 day(s) ago
- Updated:January 30, 2026 at 04:56 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Year built:6000
Finances and disclosures
- Price:$7,200,000
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