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237 Spruce St San Diego, CA 92103

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For Sale
$4,425,000

14-unit apartment complex in desirable Bankers Hill neighborhood.

Property Features for 237 Spruce St

General Information

Property type
Commercial
Standard status
Active

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Listing Contact
Ben Sierpina
Source: Elliman

Listing Agent: Ben Sierpina

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Bankers Hill Apartment Complex

Located at 237 Spruce Street in San Diego, California, The Catalina is a 14-unit apartment complex situated in the highly desirable Bankers Hill neighborhood, boasting a Walk Score of 85. Constructed in 1913 and renovated in 2005, the property occupies a 5,171 square foot lot, with the building measuring approximately 8,724 square feet. The unit mix includes one two-bedroom/one-bathroom unit, twelve junior one-bed/one-bath units, and a newly constructed studio. The junior one-bedroom units feature pocket doors separating the bedroom area from the living room and are larger than typical units from this vintage. The property has been meticulously maintained, with capital improvements completed by the current ownership. The exterior has been updated with dual-pane vinyl windows, fresh paint, and a rebuilt fire escape on the north side of the building. The electrical system and drain lines have been upgraded, and a new sewer line with an epoxy liner has been installed. Tenant amenities include secure gated entry, on-site laundry, and a third-floor rooftop deck with views of the San Diego Bay. Electricity is separately metered. The property is located two blocks from Fifth Avenue and three blocks from Balboa Park (home to the San Diego Zoo), providing central access to Bankers Hill and Hillcrest.
Location Intelligence

Current Use by Public Records

ENA Appraisals - Fine ... Real Estate Agency Arredon Art Art Gallery ENA art group Theater & Performing Art Venue San Diego Historic ... Tour Operator Belia Bridal Alterations ... (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
San Diego
County
San Diego
State
California
Longitude
-117.1624586
Latitude
32.7385356

FAQs

What type of property is this?
Apartment building - 14-unit apartment complex in desirable Bankers Hill neighborhood.
Where is this apartment building located?
The property is located at 237 Spruce St San Diego, CA.
What is the asking price?
The asking price for this property is $4,425,000.
What are key features of this property?
This property features: - Prime location in the highly desirable Bankers Hill neighborhood with a Walk Score of 85, close to Fifth Avenue and Balboa Park/San Diego Zoo.; - Rooftop deck with expansive views of the San Diego Bay.; - Meticulously well-maintained property with recent capital improvements including dual pane vinyl windows, fresh paint, rebuilt fire escape, upgraded electrical system and sewer line with epoxy liner.
More about this property
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