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16925 Prairie Ave
Torrance, CA 90504 Torrance

$7,200,000 USD

Apartments For Sale  •  12,019 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,019 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 1964
  • Zoning TOCC-GEN
53 Transit Score
76 Walk Score

Highlights

Prime City of Torrance Location - Not Subject to LA RSO or Any Local Rent Control
Strong In-Place CAP Rate at 5.76% with 10% Upside to Capture via Light Interior Renovations
Favorable Unit Mix for Property Location with Studios, 1-Bedroom, and 2-Bedroom Apartment Units
Community Amenities Include Grassy Courtyard, On-Site Secured Parking, Laundry Facility, and Secured Access
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
Opportunity for Higher LTV Debt Options from Strong In-Place Cash Flow

Amenities

  • 24 Hour Access
  • Controlled Access
  • Courtyard
  • Laundry Facilities
  • Gated
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Carpet
  • Double Pane Windows
  • Vinyl Flooring
  • Quartz Countertops
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Los Angeles International 11 min - 7.9 mi
Long Beach (Daugherty Field) 17 min - 13.4 mi
Bob Hope 38 min - 32.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Justino Fa'aola 626-315-7603 COMPASS
Justino Fa'aola 626-315-7603 COMPASS