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4-Unit Apartment Building
New
For Sale
$1,450,000

215 Spruce St, San Diego, CA 92103

Four residences feature vintage interior details, shared outdoor space, and dedicated tenant storage.

Property Size1,879 SF
Price / SF$771.69
Days on Market5

Property Features for 215 Spruce St

General Information

Standard status Active
Size 1,879 SF
Total Parking Spaces 1
Property subtype Multi-Family

Units

Unit Mix 3 x 1BR/1BA (approx 480 sf), 1 x studio (approx 400 sf)
Multifamily Units 4

Amenities

rear courtyard
common-area deck
tenant storage

Building Details

Year Built 1920
Buildings 1
Listing Agency: Conor Brennan, Broker
Listed By: Conor M Brennan Conor.Brennan@cbre.com
Source: Viewsandiegorealestate
Added: Oct 4 Changed: Oct 7 Last Checked: Oct 7 at 2:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conor Brennan, Broker

Investment Insights

Based on property information with market context.

At 215 Spruce St in San Diego, this 1,879-square-foot apartment property was built in 1920 and contains four residences: three one-bedroom, one-bath units of approximately 480 square feet each, plus a studio of approximately 400 square feet. Interior details include hardwood floors, built-ins, original cabinetry and woodwork, with vinyl plank flooring and newer appliances in select areas. One apartment has a fireplace and floor heater; the others have wall heaters. Each unit has an individual water heater.

Residents share a rear courtyard and common-area deck, and have tenant storage. The property also includes a single-car garage used for owner storage. Ownership self-managed the building for approximately 29 years, and some residents have remained for as long as 20 years.

Key Highlights

  • Four apartments: three 1‑bedroom/1‑bath units of approximately 480 square feet and one studio of approximately 400 square feet
  • 1,879‑square‑foot property built in 1920
  • Hardwood flooring, built‑ins, original cabinetry and woodwork; select areas have vinyl plank flooring and newer appliances

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Food Market Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Mobile Phone Store Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

3,461
Businesses Nearby

Demographics for 92103, CA

33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residences feature vintage interior details, shared outdoor space, and dedicated tenant storage.
Where is this quadplex located?
The property is located at 215 Spruce St San Diego, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four apartments: three 1‑bedroom/1‑bath units of approximately 480 square feet and one studio of approximately 400 square feet; 1,879‑square‑foot property built in 1920; Hardwood flooring, built‑ins, original cabinetry and woodwork; select areas have vinyl plank flooring and newer appliances
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