Listed by CBRE - Downtown Los Angeles
$6,500,000
Durable, Recession-Resistant, Cash Flow-29U-83% Subsidized
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,021
Units 29
Cap Rate 6.23%
NOI $405,037
Occupancy 100%
Tenancy Multi
Price per SqFt $541
Year Built 1964
Year Renovated 2025
Buildings 2
Stories 3
Lot Size (SqFt) 15,434
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.16
Investment Type Value Add
Sale Condition 1031 exchange
Durable, Recession-Resistant, Cash Flow-29U-83% Subsidized
Marketing description
16925 Prairie Avenue is a 29-unit multifamily community in the Northwest corner of Torrance, positioned directly across from 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 ADUs - and the property currently generates more than $647,000 in annual scheduled income at a 6.23% in-place cap rate. Ongoing capital improvements, on-site parking, three on-site laundry facilities, and secured access make this a turnkey, cash-flowing asset with a clear runway to push rents toward market.
Investment highlights
- 6.23% in-place cap rate and 10 GRM on $647K of current scheduled income
- Mark-to-market upside: in-place rents ~18% below market, supporting a 7%+ stabilized yield
- 29 units including two new-construction ADUs - recently added, income-generating square footage
- Durable cash flow - substantial voucher / government-backed tenancy lowers collection risk
- Premier location - across from Alondra Park, immediate 405 access, ~20 min to LAX, walk to South Bay retail
Listing Contacts
Listed by CBRE - Downtown Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$405,037.00
$33,753.08/mo
Valuation Metrics
0
DSCR
6.23%
Cap Rate
6.23%
ROI
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