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$ 4,100,000
$ 4,425,000 7.3%
Est. payment | /mo
14 Beds
14 Baths
8,724 SqFt
$ 4,100,000
$ 4,425,000 7.3%
Est. payment | /mo
14 Beds
14 Baths
8,724 SqFt
Key Details
Sold Price $4,100,000
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 8,724 sqft
Price per Sqft $469
MLS Listing ID 250041480
Sold Date 08/06/26
Bedrooms 14
Full Baths 14
Property Sub-Type Com-Res Income
Property Description
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 8,724 square feet. The unit mix consists of (1) two bedroom / one bathroom unit, (12) junior one bed / one bath units, and a newly constructed studio. All junior one bedroom units have pocket doors separating the bedroom area from the living room and are significantly larger than typical units from this vintage. 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 can 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.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Others
Senior Community No
Tax ID 456-626-11-00
Listed by Ben Sierpina, DRE#02062416 Marcus & Millichap
Co-listed byRaymond Choi • Marcus & Millichap
Bought with Raymond Choi Marcus & Millichap
Co-listed byRaymond Choi • Marcus & Millichap
Bought with Raymond Choi Marcus & Millichap
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