509 Park Blvd - Apartments FOR SALE


San Diego, CA 92101- East Village
$17,850,000 USD
760-930-7940
509 Park Blvd, San Diego, CA for Sale
$17,850,000 USD
Apartments - FOR SALE
1/63
null | 6% Cap Rate

509 Park Blvd
San Diego, CA 92101
East Village


HIGHLIGHTS

  • Renovated Multifamily in great location in Downtown San Diego

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$17,850,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

72

PRICE/UNIT

$247,917

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1869

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

CCPD-R

APN/PARCEL ID

535-151-11

ASK ABOUT THIS PROPERTY

Peter ScepanovicColliersMore Info
760-930-7940

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Peter ScepanovicColliersMore Info
760-930-7940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.