28-Bedroom Residential Income — 16925 Prairie Avenue, Torrance, CA
$6,500,000
16925 Prairie Avenue, Torrance, CA
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.
Property details
Location
16925 Prairie Avenue • Torrance, CA 90504
Listed by
Manny Nunez · CB Richard Ellis, Inc.
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Sale history for 16925 Prairie Avenue → (2 recorded sales)