237 Spruce Street

237 Spruce Street

San Diego, CA 92103

$4,890,000
Price
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Beds
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a car parked in front of a building
a car parked in front of a building
a car parked in front of a building
a view of a city
a view of a city with tall buildings
a view of a terrace
a view of a city from a terrace
a kitchen with a stove a sink and a microwave
a living room with furniture and a large window
a bedroom with a bed and a window
a bathroom with a sink mirror toilet and shower
a view of a hallway with the wooden floor and staircase
a view of an entryway with wooden floor and staircase
a view of a city

Description

We are pleased to present The Catalina located at 237 Spruce Street in San Diego, California. The 14-unit apartment complex is located in the highly desirable neighborhood of Bankers Hill and boasts a Walk Score of 85. Originally built in 1913 and renovated in 2005, the property sits on a 5,171 square foot lot and the building measures approximately 8,589 square feet. The unit mix consists of (1) two bedroom / one bathroom unit, (12) studio units, and a non-conforming commercial space. All studio...We are pleased to present The Catalina located at 237 Spruce Street in San Diego, California. The 14-unit apartment complex is located in the highly desirable neighborhood of Bankers Hill and boasts a Walk Score of 85. Originally built in 1913 and renovated in 2005, the property sits on a 5,171 square foot lot and the building measures approximately 8,589 square feet. The unit mix consists of (1) two bedroom / one bathroom unit, (12) studio units, and a non-conforming commercial space. All studio units have pocket doors separating the bedroom area from the living room and are significantly larger than typical studio layouts. The property has been meticulously well-maintained with various capital improvements completed by current ownership. The exterior of the property has been updated with dual pane vinyl windows, fresh paint, and a fully rebuilt fire escape on the north side of the building. Both the electrical system and drain lines have been upgraded, as well as a newly upgraded sewer line with an epoxy liner. Attractive tenant offerings include secure gated entry, on-site laundry, and a third floor rooftop deck with expansive views of the San Diego Bay. Electricity is separately metered reducing operating costs to the owner. Through a more extensive interior renovation, an investor could bring current rents to market and maximize overall cash flow. Located only two blocks from Fifth Avenue and three blocks from Balboa Park (which also hosts the San Diego Zoo), the property is centrally located to all the best both Bankers Hill and Hillcrest have to offer.
  1. Listed by Ben Sierpina • DRE #02062416 • Brokerage DRE #00530854 • Marcus & Millichap
  2. Listed by Raymond Choi • DRE #01297138 • Brokerage DRE #00530854 • Marcus & Millichap

Property Details for 237 Spruce Street

City Postal ID
MISSION HILLS (92103)

Location

Listing Courtesy of Marcus & Millichap, Ben Sierpina, DRE #02062416; Marcus & Millichap, Raymond Choi, DRE #01297138
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LISTING UPDATED: 02/09/2024 07:31 PM

Property Details for 237 Spruce Street

StatusActive
MLS #240003008
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Marcus & Millichap, Ben Sierpina, DRE #02062416; Marcus & Millichap, Raymond Choi, DRE #01297138
Add your commute

Payment Calculator

$30,249 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,687

Property Taxes

$3,562

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 237 Spruce Street

Summary Information
Property and Location
  • System ID: 240003008
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 237
  • Street Name: Spruce Street
  • Market Area: Metro Uptown
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 452-626-11-00
Multi Family Information
Building Details
  • Age: 1913
  • Construction: Frame, Lath/Plaster
  • Floor Covering: Hardwood
  • Have: Apartments
  • Motive/Want: 1031 Exchange
  • Parking: None
  • SqFt of Improvement: 8,589

Property History for 237 Spruce 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 237 Spruce Street

Taxable ValueLand$1,792,810Additions$1,690,192Total$3,483,002
Tax Record2023$42,742 ($3,562 / month)
Home Facts
Total Finished SqFt7,995 SqFtAbove Grade Finished SqFt7,995 SqFtLot Size5,171 SqFtStyleMulti-Family Res (5+ Units)Year Built1980ZoningR-3:RESTRICTECountySAN DIEGOAPN452-626-11-00

Schools near 237 Spruce Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Florence Elementary School
Public - K to 5
Roosevelt International Middle School
Public - 6 to 8
Home & Hosp/Transition Support
Public - K to 12
Museum
Charter - K to 8
Rating
School
Distance
Florence Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

Home & Hosp/Transition Support
PublicK to 12

Museum
CharterK 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.

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More information about 237 Spruce Street, San Diego, CA 92103

237 Spruce Street is a multi-family home for sale in San Diego, CA 92103. This property was listed for sale on February 9, 2024 by Marcus & Millichap, it's currently listed at $4,890,000. It has been on the market for a total of 77 days and was last sold on February 10, 2012. This listing's school district is San Diego Unified School District. Nearby schools include Florence Elementary School, Roosevelt International Middle School and Home & Hosp/Transition Support. 237 Spruce Street is a 0-bed, 0-bath, multi-family home.

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Listing Courtesy of Marcus & Millichap, Ben Sierpina, DRE #02062416; Marcus & Millichap, Raymond Choi, DRE #01297138

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