Listed by Colliers - San Diego - Carlsbad, California
$17,850,000
509 Park
Details
APN 535-151-11-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,750
Net Rentable (SqFt) 32,750
Units 71
Cap Rate 6.00%
Price per SqFt $545
Broker Co-Op Yes
Class C
Year Built 1869
Year Renovated 2023-2025
Buildings 1
Stories 3
Lot Size (SqFt) 16,610
Excellent multifamily investment opportunity Downtown San Diego
Marketing description
HUGE PRICE REDUCTION!! 509 Park is a 71-unit, 32,750-square-foot multifamily property in Downtown San Diego’s East Village, just steps from Petco Park and the San Diego Convention Center. Originally constructed in 1869 as the Bay View Hotel, this historic landmark has been rejuvenated and re-imagined to blend Victorian charm with contemporary style, offering a sophisticated lifestyle that bridges past and present. The property features spacious studio apartments with private kitchens and bathrooms, seamlessly combining classic elegance with modern functionality. A comprehensive renovation in 2023-2025 preserved the building’s historic character while adding modern amenities. Located in East Village, a vibrant hub of cultural events, festivals, and art exhibitions, 509 Park offers a prime urban lifestyle. The neighborhood is home to the San Diego Padres’ Petco Park and provides a dynamic mix of residential, commercial, and cultural opportunities.
Investment highlights
Excellent multifamily opportunity in the heart of East Village, San Diego.
Listing Contacts
Listed by Colliers - San Diego - Carlsbad, California
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