3740 5TH AVE San Diego CA 92103-4249

Berkadia is pleased to present Uptown Lofts, a newly constructed, mixed-use, 23-unit apartment community located in San Diego’s coveted Hillcrest neighborhood.

Uptown Lofts is the latest and most luxurious addition to Hillcrest’s exclusive rental landscape. The property’s meticulously designed apartment homes combined with its exceptional amenity package – which includes an indoor-outdoor courtyard serving as the hub for socializing and relaxation among residents – has elevated apartment living in this prime urban infill submarket. Apartment homes were carefully designed to unlock the unit’s full potential by optimizing space utilization and creating easy to furnish layouts with top-of-the-line finishes.

With a Walk Score of 97, the property is ideally situated north of Balboa Park and Downtown and in the heart of Hillcrest, which is one of San Diego’s most walkable and transit-friendly neighborhoods. Historically known as San Diego’s most vibrant community, Hillcrest attracts an affluent demographic and is home to award-winning restaurants, a thriving craft beer scene, and vibrant street art that further adds to the neighborhood’s unique identity.

Best-In-Class Property

Uptown Lofts is a brand-new apartment community in Hillcrest designed with best-in-class interior finishes and community amenities catering to the upscale renter. Uptown Lofts is one of only two Class A apartment communities that have delivered in the Hillcrest market in the past few years, and benefits greatly from its walkable location along Fifth Avenue. The thoughtfully designed community amenities include an indoor/outdoor courtyard area designed with urban landscaping and modern furniture, as well as a barbecue and picnic area for residents who prefer to dine al fresco.

Generational Investment Opportunity

Uptown Lofts presents a rare opportunity to acquire a luxury investment property in one of Southern California’s most sought-after neighborhoods — Hillcrest. Completed in 2024, Uptown Lofts features state-of-the-art finishes and designer details that appeal to the high-end renter seeking modem urban living. Uptown Lofts is a turnkey, cash flow opportunity that rarely becomes available. Built in 2024, new construction is exempt from AB- 1482 (California Rent Control) which restricts rental increases on buildings more than 15 years old. Additionally, Uptown Lofts is in one of the most supply constrained submarkets in Southern California, which continues to experience outsized rent growth (+6.8% annual growth over the past 5 years, per Axiometrics).

Strong Area Demographics

Located in one of the most affluent urban neighborhoods in San Diego, Uptown Lofts offers residents luxury living at an affordable price in a highly sought-after location. Median income within a one-mile radius of the property is $102,544, 30% higher than the national average of $78,732. Just over 62% of the residents in the area have a bachelor’s degree or higher and 83% obtain white-collar jobs, making dwellers in the neighborhood highly desirable renters.

Unmatched Location

With a walk score of 97, Uptown Lofts is surrounded by an abundance of retail and dining amenities, as well as locally owned coffee shops, fitness studios and salons. The location of Uptown Lofts is an amenity in and of itself, allowing residents a short walk to a plethora of Hillcrest favorites, such as The Red Door, Farmer's Bottega Restaurant, and the Hillcrest Farmer's market. Additionally, the iconic Balboa Park is less than one mile from the property, allowing residents easy access to San Diego's most historic landmark.