USACASan DiegoHillcrest215 Spruce Street

New

$1,450,000

For Sale

4 days ago

215 Spruce Street, San Diego, CA

Name: 215 Spruce Street, For Sale in San Diego - eXp Realty
Brand: Conor Brennan, Broker
SKU: 260024189SD
Price: 1450000 USD

House

MLS® 260024189SD

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes

Days Active 4

Lot Size 0.048 Acres

Approx. Age 1920

MLS® Number 260024189SD

Property Address: 215 Spruce Street, San Diego, CA, 92103

Average square foot calculated using Size range provided by listing agent.

Description

215 Spruce Street presents a rare opportunity to acquire a well-maintained four-unit apartment property in the highly desirable Hillcrest neighborhood of San Diego. The property features an attractive unit mix of three 1-bedroom/1-bath residences of approximately 480 square feet and one studio of approximately 400 square feet. The building retains much of its original character, including hardwood flooring, custom built-ins, original cabinetry and woodwork, while select areas feature updated vinyl plank flooring and a mix of newer appliances. Unit A is further distinguished by a fireplace and newly installed floor heater, while the remaining residences are equipped with wall heaters. Each unit benefits from its own individual water heater, and residents have access to a rear courtyard, common-area deck and tenant storage. A single-car garage, currently utilized for owner storage, provides additional utility and potential future flexibility. The property has been self-managed by the same ownership for approximately 29 years and reflects a history of attentive ownership and long-term tenant retention, with residents having occupied the property for as long as 20 years. Importantly, three of the four units have not received rent increases in years, creating a compelling opportunity for a new investor to capture meaningful rental upside over time while implementing a targeted capital improvement program. Original kitchens, cabinetry, appliances and interior finishes provide a clear pathway for strategic modernization and enhanced rental positioning. Combining a highly sought-after central San Diego location, historically stable occupancy, distinctive vintage character and significant embedded income growth potential, 215 Spruce Street offers investors an increasingly rare opportunity to acquire a manageable multifamily asset in one of San Diego’s most established rental submarkets.

MLS® Number260024189SD

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1920

Basement

Driveway

Garage Spaces

HeatCombination, Electric

A/CWall Window Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 5, 2026List Date

$1,450,000List Price

Commute

Commute

Starting Address

Destination Address

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