Property profile

16925 Pr Ave Torrance, CA 90504

OFF-MARKET
Other apartment buildings
Property ID
US09-7336336
10,719 SF 0.35 ac lot Built 1964
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Located in the northwest region of Torrance, near Alondra Park, the property at 16925 Prairie Ave is a 29-unit multifamily complex on a 0.35-acre lot. It contains approximately 12,019 square feet of living space with a unit mix of 2 studio units, 24 one-bedroom apartments, and 3 two-bedroom apartments, including 2 newly constructed ADUs. The site provides a grassy open courtyard, on-site gated parking, and multiple laundry facilities (not in operation). The buildings have had recent capital improvements that include a newly paved parking lot, a roof replacement on 2 of the 3 buildings, electrical upgrades, mostly newer windows, and renovated units. The property is positioned for access to major transportation routes, including the 405 freeway and Redondo Beach Blvd, and is surrounded by single-family homes, with nearby retail and convenience options within walking distance.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1964
Construction WOOD
Total area 10,719 SF
Lot 0.35 ac (15,434 SF)
Zoning code TOCC-GEN
APN 4087-018-001
UPID US09-7336336

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16925 Pr Ave Torrance, CA 90504-1124
Torrance metro Census 650003 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.66M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.26M
Blend (final) Blend
$6.27M

Owner & transaction history

since 2020
Last sale
$6.2M
7 recorded transactions
2021
Price N/A
2020
$6.2M
2020
Price N/A
2018
Price N/A
2017
$5.2M
2011
Price N/A
1991
$498,500

Zoning & alternative use

TOCC-GEN · Torrance, CA
Top alternative use upside
Restaurant $7.0M +102.7%
Neighborhood: shopping center $6.5M +89.4%
Office building $6.2M +80.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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