801-807 Torrance St - Apartments FOR SALE


San Diego, CA 92103- Hillcrest
$3,250,000 USD
858-775-9825
801-807 Torrance St, San Diego, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/20
null | 4.04% Cap Rate

801-807 Torrance St
San Diego, CA 92103
Hillcrest


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 & Parking for All Units
  • Value-Add Opportunity - In Place Rents Below Market
  • Quiet Cul-de-Sac Setting Offering Unique Privacy in Urban Setting

OVERVIEW

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. Contact broker for Offering Memorandum

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,209 USD /SF

# OF UNITS

4

PRICE/UNIT

$812,500

CAP RATE

4.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MCCPD-MR-1000

APN/PARCEL ID

451-280-15

ASK ABOUT THIS PROPERTY

Ben SierpinaMarcus & MillichapMore Info
858-775-9825

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Ben SierpinaMarcus & MillichapMore Info
858-775-9825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.