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642 Torrance St 2 Unit Apartment Building Offered at $1,600,000 San Diego, CA 92103
Executive Summary
Rare Mission Hills 2-on-1 property situated on a large canyon lot featuring two detached residences with abundant character and flexible living arrangements. The front residence offers a spacious 3-bedroom/2-bath floor plan with hardwood floors, abundant natural light, vintage architectural details, and generously sized living and dining areas ideal for owner-occupancy. Recent improvements include fresh interior and exterior paint along with newly poured concrete across much of the driveway area, enhancing both curb appeal and functionality.
The detached rear residence consists of a charming 1-bedroom/1-bath unit positioned above the garage with its own unique living space. The property also includes an additional lower-level bonus area connected to the garages, offering ADU potential, office, studio, workout room, or other potential uses. Currently the bonus area is included with the 1 bed unit.
The expansive canyon lot features mature landscaping, multiple outdoor seating areas, and ample off-street parking with garage access. Centrally located in one of San Diego’s most desirable urban neighborhoods with convenient access to Downtown, Little Italy, Balboa Park, restaurants, shopping, and San Diego Bay. Rare opportunity to acquire a versatile multi-unit property with strong owner-user and investment appeal.
The detached rear residence consists of a charming 1-bedroom/1-bath unit positioned above the garage with its own unique living space. The property also includes an additional lower-level bonus area connected to the garages, offering ADU potential, office, studio, workout room, or other potential uses. Currently the bonus area is included with the 1 bed unit.
The expansive canyon lot features mature landscaping, multiple outdoor seating areas, and ample off-street parking with garage access. Centrally located in one of San Diego’s most desirable urban neighborhoods with convenient access to Downtown, Little Italy, Balboa Park, restaurants, shopping, and San Diego Bay. Rare opportunity to acquire a versatile multi-unit property with strong owner-user and investment appeal.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,600,000 | Lot Size | 0.21 AC |
| Price Per Unit | $800,000 | Building Size | 2,104 SF |
| Sale Type | Investment | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Price | $1,600,000 |
| Price Per Unit | $800,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.21 AC |
| Building Size | 2,104 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1925 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,304 |
| 1+1 | 1 | $2,000 | 700 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
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642 Torrance St
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