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16925 Prairie Ave, Torrance | 29 Units 16925 Prairie Ave 29 Unit Apartment Building $9,654,588 CAD ($332,917 CAD/Unit) 5.97% Cap Rate Torrance, CA 90504
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 5.97% CAP & 10.86 GRM
- 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 - Potential for 6.5% Cash-on-Cash with 70% LTV
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.
Seller is motivated and will consider all reasonable offers.
Email Listing Agent for Offering Memorandum
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.
Seller is motivated and will consider all reasonable offers.
Email Listing Agent for Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$888,726
|
$73.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$26,661
|
$2.22
|
| Effective Gross Income |
$862,065
|
$71.73
|
| Taxes |
$112,714
|
$9.38
|
| Operating Expenses |
$173,360
|
$14.42
|
| Total Expenses |
$286,074
|
$23.80
|
| Net Operating Income |
$575,991
|
$47.92
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $888,726 |
| Annual Per SF | $73.94 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $26,661 |
| Annual Per SF | $2.22 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $862,065 |
| Annual Per SF | $71.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $112,714 |
| Annual Per SF | $9.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $173,360 |
| Annual Per SF | $14.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $286,074 |
| Annual Per SF | $23.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $575,991 |
| Annual Per SF | $47.92 |
Property Facts
| Price | $9,654,588 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $332,917 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.97% | Building Size | 12,019 SF |
| Gross Rent Multiplier | 10.86 | 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 | $9,654,588 CAD |
| Price Per Unit | $332,917 CAD |
| Sale Type | Investment |
| Cap Rate | 5.97% |
| Gross Rent Multiplier | 10.86 |
| 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 | $2,348 CAD | - |
| 1+1 | 24 | $2,542 CAD | - |
| 2+1 | 3 | $2,983 CAD | - |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4087-018-001 | Total Assessment | $9,134,426 CAD |
| Land Assessment | $2,589,543 CAD | Annual Taxes | $112,714 CAD ($9.38 CAD/SF) |
| Improvements Assessment | $6,544,883 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
4087-018-001
Land Assessment
$2,589,543 CAD
Improvements Assessment
$6,544,883 CAD
Total Assessment
$9,134,426 CAD
Annual Taxes
$112,714 CAD ($9.38 CAD/SF)
Tax Year
2025
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16925 Prairie Ave, Torrance | 29 Units | 16925 Prairie Ave
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