71 Unit Renovated Multifamily Investment Opportunity in Downtown San Diego - East Village

509 Park Blvd, San Diego, CA 92101

  • For Sale $21,970,000
  • Property Type Other
  • Property Size 32,750 SF
  • Lot Size 16,610 SF
  • Year Built 1869
  • Date Updated Jun 30, 2025

Extensively Renovated! 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.509 Park features spacious studio apartments with private kitchens and bathrooms, offering a perfect blend of classic elegance and modern functionality. The property is designated as an SRO with the San Diego Housing Commission with substantial Mills Act tax benefits. Please contact brokers for Offering Memorandum.

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Contacts

broker
Peter Scepanovic
broker
Corey McHenry

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise
  • Transit Score ®

    81/100 Excellent Transit
  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • City San Diego, CA
  • Neighborhood East Village
  • Zip Code 92101
  • Market San Diego

Points of Interest

  • Park & Market

    0.02 miles

  • City College

    0.39 miles

  • Gaslamp Quarter

    0.45 miles

  • Civic Center

    0.66 miles

  • Courthouse

    0.83 miles

  • 25th/Commercial

    0.86 miles

  • Seaport Village

    0.88 miles

  • Barrio Logan

    0.96 miles

  • Santa Fe Depot

    1.05 miles

  • County Center/Little Italy

    1.21 miles

  • Top tier Gasoline

    0.26 miles

  • Arco

    0.28 miles

  • Petromerica

    0.30 miles

  • Blink

    0.36 miles

  • Shell

    0.55 miles

  • San Diego - A Street Supercharger

    0.68 miles

  • Chevron

    1.04 miles

  • ChargePoint Charging Station

    1.20 miles

  • 76

    1.37 miles

  • Mobil

    1.44 miles

  • Padres Parcade

    0.11 miles

  • San Diego Central Library Parking

    0.15 miles

  • 8th & G

    0.24 miles

  • 633 Seventh Ave Parking

    0.27 miles

  • Park It On Market

    0.32 miles

  • MTS AutoPark

    0.35 miles

  • 6th and K Parkade

    0.37 miles

  • PS 200

    0.42 miles

  • Ace Parking

    0.51 miles

  • Hilton Bayfront Parking Garage

    0.52 miles

  • Hotel Indigo

    0.16 miles

  • Margaritaville Hotel San Diego Gaslamp Quarter

    0.31 miles

  • Hotel Z - A Piece of Pineapple Hospitality

    0.32 miles

  • Courtyard San Diego Gaslamp/Convention Center

    0.32 miles

  • Comfort Inn Gaslamp Convention Center

    0.33 miles

  • San Diego Marriott Gaslamp Quarter

    0.34 miles

  • Pendry

    0.37 miles

  • Hostelling International San Diego

    0.37 miles

  • Residence Inn San Diego Downtown/Gaslamp Quarter

    0.37 miles

  • ANdAZ San Diego

    0.38 miles

  • Azteca Taco Shop

    0.03 miles

  • BESHOCK Ramen East Village

    0.07 miles

  • Sushi Gaga

    0.10 miles

  • East Village Tavern + Bowl

    0.16 miles

  • Basic

    0.16 miles

  • Nick the Greek

    0.18 miles

  • Knotty Barrel

    0.20 miles

  • The Kebab Shop

    0.20 miles

  • Lola 55

    0.21 miles

  • Wicked Chicken

    0.22 miles

  • Thomas Jefferson School of Law

    0.06 miles

  • e3 Civic High School

    0.13 miles

  • Newschool of Architecture and Design

    0.18 miles

  • New School of Architecture

    0.24 miles

  • Our Lady of Angels School

    0.56 miles

  • Monarch School

    0.60 miles

  • Sherman Elementary School

    0.60 miles

  • Perkins Elementary School

    0.70 miles

  • Associated Barber College

    0.70 miles

  • San Diego High School

    0.74 miles

  • Coronado Baptist Day Care Center

    1.38 miles

  • Saint Judes Shrine Child Care and Development Center

    2.63 miles

  • Child Development Center NBSD

    2.71 miles

  • Our Lady of the Sacred Heart Catholic Church Day Care Center

    4.01 miles

  • The Vine

    4.61 miles

  • Lemon Grove Childcare Center

    6.91 miles

  • Chinese Bilingual Preschool

    8.29 miles

  • Hunter's Nursery

    8.31 miles

  • Murphy Canyon Preschool

    8.55 miles

  • World of Wonder Christian Preschool

    8.79 miles

Frequently Asked Questions

How much does 71 Unit Renovated Multifamily Investment Opportunity in Downtown San Diego - East Village cost?

The space currently listed for sale at 71 Unit Renovated Multifamily Investment Opportunity in Downtown San Diego - East Village asks for $21,970,000.

What is the total square footage of 71 Unit Renovated Multifamily Investment Opportunity in Downtown San Diego - East Village?

71 Unit Renovated Multifamily Investment Opportunity in Downtown San Diego - East Village totals 32,750 square feet.

When was this property built?

71 Unit Renovated Multifamily Investment Opportunity in Downtown San Diego - East Village was built in 1869.

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