1st & Beech Street, San Diego, CA 92101
Offer Price:
Market
Zoning:
CCPD-RE, CCHS Tier 1
Permits:
None
APN:
533-422-04-00
533-422-09-00
533-422-10-00
533-422-11-00
533-422-12-00
Lot Size:
±24,962 SF
Status:
Active
Submarket:
Downtown
Property Type:
Land
Strategy:
Value-Add
First + Beech at 1428–34 & 68 1st Avenue and 1445 Front Street presents a rare opportunity to acquire a 119-unit Single Room Occupancy (SRO) hotel in the heart of San Diego’s highly sought-after Little Italy neighborhood. The property offers stable in-place income from a functioning SRO operation, combined with significant long-term repositioning and redevelopment upside.
Situated within one of San Diego’s most walkable, transit-oriented, and supply-constrained urban submarkets, the asset benefits from immediate proximity to employment centers, waterfront amenities, and the neighborhood’s vibrant retail and dining corridor. The location continues to attract both private and institutional capital driven by strong fundamentals and limited available land.
The property is zoned CCPD-RE with a CCHS Tier 1 overlay, providing enhanced development potential through increased density and FAR incentives. This positioning allows investors to capitalize on future redevelopment optionality, whether through adaptive reuse, density maximization, or a complete reimagining of the site.
Listed By:
Aaron Bove
Executive Vice President | San Diego Region
aaron.bove@colliers.com
CA Lic. 01318320
Direct: +1 858 677 5319 | Mobile: +1 858 945 7094
4350 La Jolla Village Drive, Suite 500 | San Diego, CA 92122