Executive Summary
BERKADIA IS PLEASED TO PRESENT THE OPPORTUNITY TO ACQUIRE LOFT2015, A DISTINCTIVE MULTIFAMILY ASSET LOCATED IN DOWNTOWN SAN DIEGO’S EMERGING NORTH LITTLE ITALY NEIGHBORHOOD (“NOLI”).
Positioned immediately north of San Diego’s iconic Little Italy district, the property benefits from direct adjacency to one of the city’s most vibrant and celebrated urban neighborhoods, known for its rich cultural heritage, acclaimed dining scene, and year-round arts and community events, including San Diego’s largest weekly farmers’ market.
Loft2015 offers investors the rare opportunity to acquire a truly contemporary asset in a neighborhood that is increasingly gaining prominence within the broader downtown landscape. NoLi represents a natural extension of Little Italy’s energy and appeal, while offering greater room for growth as investment, development, and connectivity continue to push the urban core northward. As Downtown San Diego evolves, NoLi is becoming more central to the city’s expanding live-work-play environment, with improving access to employment centers, retail amenities, transit infrastructure, and waterfront destinations.
This ongoing shift is already evident today, as the neighborhood continues to attract new residential interest and benefit from the momentum of surrounding redevelopment. With its strategic location, modern design, and positioning within one of Downtown San Diego’s most compelling growth corridors, Loft2015 is well situated to capitalize on the neighborhood’s continued maturation and long-term upside.
Property Overview
- ADDRESS
- APN
- No. of Units
- Avg. Unit Size
- No. of Buildings
- No. of Stories
- Total SF
- Site Size
- Parking
- Parking Ratio
RESIDENTIAL UNIT MIX
UNIT TYPE
SIZE (SF)
UNIT COUNT
% OF MIX
1 Bedroom
577
4
5%
2 Bedroom
919
81
95%
WA/Totals
903
85
100%
INVESTMENT HIGHLIGHTS
DIFFERENTIATED LIVING PRODUCT
Designed and developed by San Diego-based Constellation Property Group, a unique property Development organization led by Eugene Marchese, who is recognized as one of Australia’s leading architects in the “designer” condominium development industry. Loft2015 defines the aesthetic of modern, loft living in San Diego with its Australian-inspired design and unique townhouse style units, rare to the market. The contemporary design includes floor to- ceiling windows, through which light flows onto smart interior amenities such as sleek stainless-steel appliances, office-nooks, and designer tile.
PRIME URBAN LOCATION
Loft2015 is a centrally located, urban oasis that incorporates a rich suite of modern amenities. Loft2015 is nestled between Little Italy to the South, Old Town to the North, Mission Hills to the East, and Point Loma to the West. Downtown San Diego is home to over 95,000 jobs, primarily in the banking, legal, government, tourism and hospitality industries, including roles at Fortune 500 employers such as Sempra Energy.
MULTI-BILLION DOLLAR REDEVELOPMENT UNDERWAY
The Midway Rising project is anticipated to commence this year, transforming the area surrounding Loft2015. At completion, the Midway Rising project is projected to generate $285M in annual economic impact for San Diego, the equivalent of having another Comic-Con every year.
HIGHLY DESIRABLE UNIT MIX
Featuring 95% two-bedroom units, 5% one-bedroom units, and an average unit size of 903 square feet, Loft2015 is well-positioned to meet renter demand for larger floor plans.
Photo Gallery
Contact
Investment Sales
ED ROSEN
Managing Director
858.342.0700
[email protected]
CA BRE #01010225
JOHN CHU
Managing Director
619.990.5200
[email protected]
CA BRE #00966982
TYLER SINKS
Managing Director
619.890.8486
[email protected]
CA BRE #01910220
Mortgage Banking
Kevin Mignogna
Senior Managing Director
949.622.9238
[email protected]
LEE SCOTT
Senior Director
858.275.5066
[email protected]
Office
San Diego Office
4275 Executive Square
Suite 700
La Jolla, CA 92037
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