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$3,250,000
Est. payment /mo
8 Beds
4 Baths
0.46 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Mission Hills
MLS Listing ID 260007304
Bedrooms 8
Full Baths 4
Year Built 1958
Lot Size 0.459 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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 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.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Fence Gate
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 451-280-15-00
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Ben Sierpina, DRE#02062416 Marcus & Millichap
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Josh Pono
Owner/CEO/Trainer/Coach | License ID: 02016846
Owner/CEO/Trainer/Coach License ID: 02016846