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For sale
  • $6,500,000

    16925 Prairie Ave, Torrance, CA 90504

    28beds
    27baths
    12,021sqft
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    Multi Family
    Built in 1964
    -- sqft lot
    $6,161,400 Zestimate®
    $541/sqft
    $-- HOA

    What's special

    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.
    6 days
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    87
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    3
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    Zillow last checked:

    Listing updated:

    Listed by:

    Manny Nunez DRE # 01990970 310-925-2551,

    CB Richard Ellis, Inc.

    Source: CLAW,MLS#: 26859675MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 28
      • Bathrooms: 27
      Heating
      • Central
      Cooling
      • Air Conditioning
      Appliances
      • Included: Central Water Heater, Tankless Water Heater
      • Laundry: Laundry Area
      Features
      • Windows: Double Pane Windows
      Interior area
      • Total structure area: 12,021
      • Total interior livable area: 12,021 sqft

      Property

      Parking
      • Total spaces: 15
      • Parking features: Gated
      Features
      • Levels: Three Or More
      • Stories: 3
      • Pool features: Other
      Lot
      • Size: 0.35 Acres
      Details
      • Additional structures: Accessory Bldgs
      • Parcel number: 4087018001
      • Zoning: TOCC-GEN
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Updated/Remodeled
      • Year built: 1964

      Community & HOA

      Community
      • Security: Automatic Gate, Alarm System
      Location
      • Region: Torrance

      Financial & listing details

      • Price per square foot: $541/sqft
      • Tax assessed value: $6,681,852
      • Date on market: 7/14/2026

        Estimated market value

        $6,161,400

        $5.85M - $6.47M

        $2,251/mo

        Price history

        DateEventPrice
        7/14/2026Listed for sale$6,500,000-7.9%$541/sqft
        Source: CLAW #26859675 Report a problem
        2/9/2022Listing removed--
        Source: CLAW #21-100265 Report a problem
        11/30/2021Price change$7,054,0000%$587/sqft
        Source: CLAW #21-100265 Report a problem
        11/18/2021Price change$7,055,000-1.2%$587/sqft
        Source: CLAW #21100265 Report a problem
        11/6/2021Price change$7,143,000-0.4%$594/sqft
        Source: CLAW #21100265 Report a problem
        10/29/2021Listed for sale$7,173,000+12.1%$597/sqft
        Source: CLAW #21100265 Report a problem
        1/4/2021Listing removed$6,399,000$532/sqft
        Source: Marcus & Millichap #20577818 Report a problem
        10/29/2020Pending sale$6,399,000$532/sqft
        Source: Marcus & Millichap #20577818 Report a problem
        5/11/2020Listed for sale$6,399,000+23.1%$532/sqft
        Source: Marcus & Millichap #20577818 Report a problem
        3/15/2020Listing removed$1,495
        Source: South Bay Estates Report a problem
        1/27/2020Listed for rent$1,495-6.3%
        Source: South Bay Estates Report a problem
        6/21/2019Listing removed$1,595
        Source: Zillow Rental Manager Report a problem
        6/3/2019Listed for rent$1,595
        Source: Zillow Rental Manager Report a problem
        4/18/2019Listing removed$1,595
        Source: Zillow Rental Manager Report a problem
        4/3/2019Listed for rent$1,595+6.7%
        Source: Zillow Rental Manager Report a problem
        9/25/2018Listing removed$1,495
        Source: South Bay Estates Report a problem
        8/5/2018Price change$1,495+15.4%
        Source: South Bay Estates Report a problem
        7/13/2018Listed for rent$1,295-13.4%
        Source: South Bay Estates Report a problem
        1/9/2018Listing removed$1,495
        Source: Zillow Rental Network Report a problem
        12/21/2017Listed for rent$1,495
        Source: Zillow Rental Network Report a problem
        11/22/2017Sold$5,200,000$433/sqft
        Source: Agent Provided Report a problem
        9/14/2017Pending sale$5,200,000$433/sqft
        Source: Re/Max Estate Properties #SB17038133 Report a problem
        3/10/2017Listed for sale$5,200,000+20.9%$433/sqft
        Source: Re/Max Estate Properties #SB17038133 Report a problem
        4/1/2016Listing removed$4,300,000$358/sqft
        Source: Re/Max Estate Properties #SB15065903 Report a problem
        3/30/2015Listed for sale$4,300,000$358/sqft
        Source: RE/MAX Estate Properties #SB15065903 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Northwest Torrance

        Getting around

        76 / 100
        Very Walkable
        53 / 100
        Good Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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