Property listed by Marcus & Millichap, Ben Sierpina 858-373-3100
$3,250,000
Presenting 801–807 Torrance Street, a rare 4-unit multifamily investment opportunity located in the highly sought-after Hillcrest/Mission Hills neighborhood of San Diego, California. Originally constructed in 1958 and extensively renovated in 2023, this well-located property sits on an expansive approximately 19,998-squarefoot lot and offers a total of ±2,688 square feet of… Read More living space. The property features a desirable and spacious unit mix consisting of (4) two-bedroom/ one-bathroom units, catering to strong rental demand from young professionals, roommates, and small families. The property was comprehensively renovated inside and out in 2023 with modern luxury finishes and in-demand amenities. All units feature dishwashers, stackable washer/dryers and mini-split A/C. Residents benefit from a quiet cul-de-sac location, private patios/balconies, and convenient off-street parking, all of which contribute to long-term tenant retention and consistent occupancy. With in place rents below market levels and clear operational upside, the asset presents a compelling value add opportunity for investors seeking to increase cash flow and overall asset value. Strategically positioned in one of San Diego’s most desirable urban neighborhoods, 801–807 Torrance Street benefits from exceptional proximity to Hillcrest’s vibrant dining, retail, and nightlife corridors, as well as nearby Mission Hills and Downtown San Diego. The property’s central location, combined with its large lot size, offers both immediate income stability and long-term redevelopment potential. Read Less
Listing Snapshot
Days Online
1
Last Updated
Lot Size
0.46 Acres
Year Built
1958
MLS Number
260007304SD
Additional Details
Building
Built in 1958, 1 building, 2 stories, Levels: Two
Community
Park Name: N/A, Gated
Cooling
CentralAir
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $169,140, Net Operating Income: $115,828
Lot
0.4591 acres
Roof
Composition
Security Features
GatedCommunity
Taxes
Parcel Number: 4512801500
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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