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16925 Prairie Avenue, Torrance, CA 90504

Torrance
Local realty services provided by:CENTURY 21 Discovery
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:47 day(s) ago
  • Updated:August 31, 2026 at 11:39 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Stephanie Goedl

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