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  • MLS#: 260007304SD ( )
  • Street Address: 801 Torrance Street
  • Viewed: 6
  • Price: $3,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 13
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92103
  • Subdivision: Mission Hills
  • Provided by: Marcus & Millichap
  • Contact: Ben Ben
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Presenting 801807 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 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 Diegos most desirable urban neighborhoods, 801807 Torrance Street benefits from exceptional proximity to Hillcrests vibrant dining, retail, and nightlife corridors, as well as nearby Mission Hills and Downtown San Diego. The propertys central location, combined with its large lot size, offers both immediate income stability and long term redevelopment potential.
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Features
Association Fee
  1. 0.00
Cooling
  1. Central Air
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 115828.00
Parcel Number
  1. 4512801500
Park Name
  1. N/A
Roof
  1. Composition
Security Features
  1. Gated Community
Sourcesystemkey
  1. 260007304:SDP
Subdivision Name Other
  1. Mission Hills
Year Built
  1. 1958