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Historic 55-Unit SRO Apartment Building
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501 7th Ave, San Diego, CA 92101

Three-story SRO property with a courtyard, laundry room, and full-size kitchen.

Property Size11,400 SF
Lot Size0.11 Acres
Days on Market142

Property Features for 501 7th Ave

General Information

Standard status Active
Size 11,400 SF
Lot size 0.11 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 55

Amenities

back courtyard
laundry room
full-size kitchen
central air conditioning and heating
updated security entries

Building Details

Year Built 1887
Buildings 1
Stories 3
Listing Agency: Cushman & Wakefield - San Diego, California
Listed By: Michael Biddick · License #CA 01943264
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 9:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Diego, California

Investment Insights

Based on property information with market context.

The Clermont Building is a three-story apartment property containing 55 SRO units and 11,400 livable square feet on a 4,995-square-foot lot. Built in 1887, the building includes a rear courtyard, 9 bathrooms, a laundry room, and a full-size kitchen. Renovation work has addressed flooring, the roof, exterior finishes, lighting, electrical systems, windows, doors, and security access, along with central air conditioning and heating.

The property is at 501 7th Ave in downtown San Diego’s Gaslamp Quarter, approximately 800 feet from Petco Park’s Northwest entrance. The surrounding area includes apartment communities, local shopping, restaurants, and entertainment venues.

Key Highlights

  • 55 SRO units totaling 11,400 livable square feet
  • Three‑story apartment building constructed in 1887
  • Rear courtyard, 9 bathrooms, laundry room, and full‑size kitchen

Property Analytics

Current Use

Coast Hotel Hotel & Motel The Clermont/Coast Hotel Hotel & Motel

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Adult Day Care Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

55
Residential units

Location Intelligence

Trade Area within ½ mile

11,787
Businesses Nearby

Demographics for 92101, CA

47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story SRO property with a courtyard, laundry room, and full-size kitchen.
Where is this apartment building located?
The property is located at 501 7th Ave San Diego, CA.
What are key features of this property?
This property features: 55 SRO units totaling 11,400 livable square feet; Three‑story apartment building constructed in 1887; Rear courtyard, 9 bathrooms, laundry room, and full‑size kitchen
More about this property
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