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215 Spruce Street

San Diego, CA 92103
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Bed 3

Bed

Bath 4

Bath

SqFt2,091

Sqft(Lot)

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, com mon-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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,450,000

AD Id : 91680400

MLS Id : 260024189SD

Beds : 3

Lot Size : 2,091 Sq. Ft

Year Built : 1920

County : San Diego

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Feature Features

  • Interior Features

    Roof: Composition
    Appliances: GasWaterHeater
  • Heating & Cooling

    Has Heating: Yes Heating: Combination, Electric Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1920
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 2091 Lot Size Acres: 0.048 Lot Size Source: Assessor Lot Size Square Feet: 2,091

    Property Information

    Subdivision: Hillcrest Source Property Type: ResidentialIncome Levels: Two Property Age: 106

  • Listing Price Information

    Listing Price: $1450000
    Conventional

  • Tax Information

    Parcel Number: 4526260200

  • Location Information

    Direction: CrossStreet: spruce and 2nd Security Features: GatedCommunity
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4334 36 Maryland Street, San Diego, CA, 92103 $1,299,000 3 3 1,265 5,876 Sq. Ft
3975 77 8th Avenue, San Diego, CA, 92103 $1,249,000 4 2 -- 2,021 Sq. Ft
1620 Glenwood Drive #2, San Diego, CA, 92103 $975,000 2 2 1,260 0.11 Acre

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ByOwner last updated this listing 10/08/2026 @ 18:43

MLS: 260024189SD LISTED BY: Conor Brennan, Conor Brennan, Broker SOURCE: CRMLS

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