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Millman Team Real Estate

$6,500,000
28 Bed
27 Bath
12,021 Sqft
0.35 Acre Lot

16925 Prairie Avenue, Torrance, California 90504

  • Residential Income Property Type
  • 12,021 Sqft Square Footage
  • Gated Cars Garage
  • 1964 Year Built
Property 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.

Basic Details
Residential Income
For Sale
26859675
$6,500,000
28
27
12,021 Sqft
1964
0.35 Acre
Active
Features
: See Remarks
: Central
: Gated
: Double Pane Windows
$0
Address Map
CA
Los Angeles
Torrance
90504
Prairie
16925
Avenue
W119° 39' 21.1''
N33° 52' 35.4''
1 Block south of Redondo Beach Blvd, and west of Crenshaw Blvd.
132 - N Torrance - West
TOCC-GEN
Additional Information
$0
$0
$0
$0
$0
12021
: Three Or More
29
2026-07-14
3
Broker/Agent Information
CB Richard Ellis, Inc.
Manny Nunez
Listing Information
CLW-C124691
CLW-X74295
Active
2026-07-22T07:15:29Z
CRMLS
: Standard
2026-07-14T00:00:00Z
Agent info
Ray Millman
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