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16925 Prairie Ave
Torrance, CA 90504
16925 Prairie Ave, Torrance | 29 Units · Multifamily Property For Sale
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29 Units
Investment Highlights
- Prime City of Torrance Location - Not Subject to LA RSO or Any Local Rent Control
- Favorable Unit Mix for Property Location with Studios, 1-Bedroom, and 2-Bedroom Apartment Units
- Adjacent to Alondra Park and El Camino College, and Walking Distance to Target, Starbucks, Chick-Fil-A, Raising Canes, and Several other Big Name Reta
- Strong In-Place CAP Rate at 5.76% with 10% Upside to Capture via Light Interior Renovations
- Community Amenities Include Grassy Courtyard, On-Site Secured Parking, Laundry Facility, and Secured Access
- Opportunity for Higher LTV Debt Options from Strong In-Place Cash Flow
Executive Summary
SGV+ Multifamily of Compass Commercial Inc., is 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 it’s 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 space, on-site gated parking, and access to multiple laundry facilities.
16925 Prairie Ave is located in the Northwest region of the City of Torrance adjacent to Alondra Park and all it’s 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 space, on-site gated parking, and access to multiple laundry facilities.
Property Facts
| Price Per Unit | $248,276 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.76% | Lot Size | 0.35 AC |
| Sale Condition | 1031 Exchange | Building Size | 12,019 SF |
| Gross Rent Multiplier | 11.19 | Average Occupancy | 93% |
| No. Units | 29 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | TOCC-GEN - Transit Oriented Corridor - General | ||
| Price Per Unit | $248,276 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.19 |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 12,019 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2025 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | TOCC-GEN - Transit Oriented Corridor - General |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Carpet
- Double Pane Windows
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,700 | - |
| 1+1 | 24 | $1,841 | - |
| 2+1 | 3 | $2,160 | - |
Property Taxes
| Parcel Number | 4087-018-001 | Improvements Assessment | $4,787,596 |
| Land Assessment | $1,894,256 | Total Assessment | $6,681,852 |
Property Taxes
Parcel Number
4087-018-001
Land Assessment
$1,894,256
Improvements Assessment
$4,787,596
Total Assessment
$6,681,852
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