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Urban Ground Lease Hotel Property
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536 Fifth Ave, San Diego, CA 92101

Four-story mixed-use property features ground-floor retail/restaurant space and 41 SRO units under TCAC requirements.

Property Size11,470 SF
Lot Size0.07 Acres
Days on Market123

Property Features for 536 Fifth Ave

General Information

Standard status Active
Size 11,470 SF
Lot size 0.07 Acres
Property subtype Hospitality, Multifamily, Retail

Additional Details

Multifamily Units 41

Building Details

Stories 4
Listing Agency: Marcus & Millichap - Downtown San Diego
Listed By: Nick Totah · License #CA 01922255
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 3:18PM

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 Marcus & Millichap - Downtown San Diego

Investment Insights

Based on property information with market context.

Historic Lincoln Hotel is offered for sale as a leasehold interest (ground lease) in a four-story, 11,470-square-foot urban mixed-use property. The building includes approximately 2,200 square feet of ground floor retail/restaurant space, with the remaining three floors operated as 41 low-income SRO units. The SRO operations are subject to an agreement with the Tax Credit Allocation Committee, which must continue throughout the remainder of the leasehold interest, and the TCAC agreement runs coterminous with the existing ground lease.

The original 55-year ground lease commenced December 1, 1996, and is set to expire December 1, 2051. A 2,200-square-foot basement is currently occupied by a non-profit Filipino American Foundation. The property is located in the middle of 5th Avenue in the Gaslamp Quarter of Downtown San Diego.

Key Highlights

  • Leasehold (ground lease) interest for Historic Lincoln Hotel at 536 5th Avenue, San Diego, CA 92101
  • Four‑story 11,470 SF urban mixed‑use building on a 3,223 SF lot in the Gaslamp Quarter
  • Ground floor includes 2,200 SF retail/restaurant space

Property Analytics

Current Use

Lincoln Hotel Vacation Rental

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

41
Residential units

Location Intelligence

Trade Area within ½ mile

3,478
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?
Hotel - Four-story mixed-use property features ground-floor retail/restaurant space and 41 SRO units under TCAC requirements.
Where is this hotel located?
The property is located at 536 Fifth Ave San Diego, CA.
What are key features of this property?
This property features: Leasehold (ground lease) interest for Historic Lincoln Hotel at 536 5th Avenue, San Diego, CA 92101; Four‑story 11,470 SF urban mixed‑use building on a 3,223 SF lot in the Gaslamp Quarter; Ground floor includes 2,200 SF retail/restaurant space
More about this property
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