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31363995
31364003

801 Torrance St, San Diego, CA 92103

BS
CA CA 02062416
Marcus & Millichap - Downtown San Diego
RC
CA CA 01297138
Marcus & Millichap - Downtown San Diego
Listed by Marcus & Millichap - Downtown San Diego
$3,250,000
72 days on market
Updated 72 days ago

801-807 Torrance Street

Details
APN 451-280-15-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,688
Net Rentable (SqFt) 2,688
Units 4
Cap Rate 3.56%
NOI $115,828
Occupancy 100%
Pro-Forma Cap Rate 4.04%
Pro-Forma NOI $131,390
Class B
Year Built 1958
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.460
Zoning OR-1-1, RM-1-1, RM-3-7
Parking Spaces 4 spaces
Parking Per SqFt 1.49
Investment Type Value Add
Ownership Fee Simple

4 Units | Mission Hills | Fully Renovated in 2023

Marketing description

Marcus & Millichap is proud to present 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, making it a unique and highly attractive investment opportunity.

Investment highlights

  • Prime Mission Hills/Hillcrest Location
  • Complete Interior/Exterior Renovation in 2023 - Luxury Modern Finishes in All Units with Abundant Amenities
  • Expansive 19,998 SF Lot (0.46 ACRES)
  • Desirable Unit Mix of (4) Spacious 2-Bdrm/1-Bath Units
  • Value-Add Opportunity - In Place Rents Below Market
  • Quiet Cul-de-Sac Setting Offering Unique Privacy in Urban Setting
  • Off-Street Parking for All Units

Listing Contacts

BS
CA CA 02062416
Marcus & Millichap - Downtown San Diego
RC
CA CA 01297138
Marcus & Millichap - Downtown San Diego
Listed by Marcus & Millichap - Downtown San Diego

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,828.00
$9,652.33/mo

Valuation Metrics

0
DSCR
3.56%
Cap Rate
3.56%
ROI

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Additional Information

Name
Ben Sierpina
License
CA 02062416
Name
Raymond Choi
License
CA 01297138
Brokerage Phone
858-373-3136
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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