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509 Park Blvd, San Diego, CA, 92101

--beds
0baths
32,750sqft
$17,850,000
$545price/sqft
$109,967/moest. monthly cost
$4,398,680/yrincome needed

About This Home

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.

Getting Around

99
WalkingWalker's Paradise
81
TransitExcellent Transit
83
BikeVery Bikeable

Schools

4/10

Construction

Materials

  • Construction materials: Part Fenced

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Interior Area

  • Total structure area: 32,750
  • Total interior livable area: 32,750 sqft

Property

Details

  • Parcel number: 5351511100

Features

  • Levels: 3 Story
  • Stories: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding
Wildfire

FEMA Declared Disasters in San Diego County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $90,259$1,083,108
Home Insurance *$2,720$32,640
Property Taxes $9,966$119,592
Electricity $7,022$84,273
Total$109,967$1,319,604
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$3,770,297/yr
40% on housing$3,299,010/yr
45% on housing$2,932,453/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$545This listing

vs Other Active Listings

Avg $/sqft

ZIP 92101$471
San Diego County$558

vs Homes Sold Last Month

Median $/sqft

ZIP 92101$846
San Diego County$576

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-31Listed for sale$17,850,000
2014-04-08Listing removed$550
2014-03-06Listed for rent$550
2013-12-22Listing removed$550
2013-10-15Listed for rent$550

For Sale by Agent

AgentCorey McHenry
BrokerageDavid Santistevan

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