801 Torrance Street

San Diego, CA 92103

$3,050,000
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

One of the best four unit properties on the market in San Diego! A perfect candidate for a 1031 Exchange. Nestled in the heart of San Diego's coveted Mission Hills is a rare half acre gem which combines modern luxury and a prime location with zoning which allows for more units/ADU's. Comprised of four immaculate 2-bedroom, 1-bathroom units, averaging 700 square feet, bringing in $15k per month total this property presents an outstanding opportunity for both seasoned investors or looking for an immediate...One of the best four unit properties on the market in San Diego! A perfect candidate for a 1031 Exchange. Nestled in the heart of San Diego's coveted Mission Hills is a rare half acre gem which combines modern luxury and a prime location with zoning which allows for more units/ADU's. Comprised of four immaculate 2-bedroom, 1-bathroom units, averaging 700 square feet, bringing in $15k per month total this property presents an outstanding opportunity for both seasoned investors or looking for an immediate return with strong rents as well as those seeking a place to call home. Every inch of this property has been thoughtfully upgraded, including all major systems, kitchen and bathroom finishes, and all exterior grounds, ensuring the next owner peace of mind. Ideally located just blocks from Little Italy and Hillcrest, restaurants and cafes, freeways and the airport, this property is perfect for those wanting to take advantage of all beautiful San Diego has to offer. Each 2-bedroom, 1-bathroom unit boasts a spacious and thoughtfully designed layout, including updated modern kitchen cabinets, farm style sinks, imported leather quartz countertops, brand new stainless steel appliances, luxury vinyl plank flooring, dual pane windows, LED Bluetooth fixtures, custom tile, rain forest showers, updated AC/Heat, in-unit stainless steel laundry, Smart Key locks, and a sprawling outdoor garden complete with a zen gazebo with views of the downtown skyline. Private outdoor spaces on each unit allow for relaxation and a dedicated area for pets ensures they can also enjoy the outdoors.
  1. Listed by Tyler Jones • DRE #02025646 • Brokerage DRE #01883938 • Douglas Elliman of California, Inc.

Property Details for 801 Torrance Street

Cross Streets
Reynard Ave and Torrance St
Source Living Area
Assessor
Area
Mission Hills San Diego (MIH)
Lot Size Area
20000
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly

Location

Listing Courtesy of Douglas Elliman of California, Inc., Tyler Jones, DRE #02025646

Sold By Marcus & Millichap, Ben Sierpina, DRE #02062416

Add your commute
LISTING UPDATED: 02/02/2024 03:37 PM

Property Details for 801 Torrance Street

StatusSold
MLS #230019188SD
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.46 AC / 20,000 SF
CountySan Diego County

Location

Listing Courtesy of Douglas Elliman of California, Inc., Tyler Jones, DRE #02025646

Sold By Marcus & Millichap, Ben Sierpina, DRE #02062416

Add your commute

Building Information for 801 Torrance Street

Stories2Residences-Year Built1958Building Size-Lot Size0.46 AC / 20,000 SF

Payment Calculator

$17,691 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,645

Property Taxes

$1,046

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 801 Torrance Street

Community / Development
Community / Development
  • Complex Name: N/K
  • Number Of Units: 4
  • Amenities: Gated Community
  • Builders Tract Name: South Mission Hills
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Gated
  • Sewer: Sewer Connected
Contract Info
Contract Info
  • Financing: Conventional
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $131,765.00
  • Gross Scheduled Income: $180,600
  • Cap Rate: 4.11%
  • Gross Rent Multiplier: $17.71
  • Other Income1: $.00
  • Total Annual Expense: 48835
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Central Forced Air
  • Heating Type: Electric, Forced Air
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Full, Gate
  • Sprinklers: Drip System
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,550.00
  • Unit Actual Rent: $3,550.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $3,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $3,800.00
  • Unit Actual Rent: $3,800.00
  • Like Units: 1

Property History for 801 Torrance Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 801 Torrance Street

Taxable ValueLand$765,000Additions$326,400Total$1,091,400
Tax Record2017$12,555 ($1,046 / month)
Home Facts
Beds8Above Grade Finished SqFt2,688 SqFtLot Size19,963 SqFtStyleMulti-Family Dwelling (2-4)Year Built1958Year Renovated1958ZoningR4CountySAN DIEGOAPN4512801500

Schools near 801 Torrance Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 5 to 6
Public - 6 to 8
Public - 7 to 8
Rating
School
Distance
Grant K-8
PublicK to 8

Dana
Public5 to 6

Roosevelt International Middle School
Public6 to 8

Correia Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Douglas Elliman of California, Inc., Tyler Jones, DRE #02025646

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