
Executive Summary
Berkadia is pleased to present Uptown Lofts, a newly constructed, mixed-use, 23-unit apartment community located in San Diego’s coveted Hillcrest neighborhood.
Uptown Lofts is the latest and most luxurious addition to Hillcrest’s exclusive rental landscape. The property’s meticulously designed apartment homes combined with its exceptional amenity package – which includes an indoor-outdoor courtyard serving as the hub for socializing and relaxation among residents – has elevated apartment living in this prime urban infill submarket. Apartment homes were carefully designed to unlock the unit’s full potential by optimizing space utilization and creating easy to furnish layouts with top-of-the-line finishes.
With a Walk Score of 97, the property is ideally situated north of Balboa Park and Downtown and in the heart of Hillcrest, which is one of San Diego’s most walkable and transit-friendly neighborhoods. Historically known as San Diego’s most vibrant community, Hillcrest attracts an affluent demographic and is home to award-winning restaurants, a thriving craft beer scene, and vibrant street art that further adds to the neighborhood’s unique identity.
Investment Highlights
Best-In-Class Property
Uptown Lofts is a brand-new apartment community in Hillcrest designed with best-in-class interior finishes and community amenities catering to the upscale renter. Uptown Lofts is one of only two Class A apartment communities that have delivered in the Hillcrest market in the past few years, and benefits greatly from its walkable location along Fifth Avenue. The thoughtfully designed community amenities include an indoor/outdoor courtyard area designed with urban landscaping and modern furniture, as well as a barbecue and picnic area for residents who prefer to dine al fresco.
Strong Area Demographics
Located in one of the most affluent urban neighborhoods in San Diego, Uptown Lofts offers residents luxury living at an affordable price in a highly sought-after location. Median income within a one-mile radius of the property is $102,544, 30% higher than the national average of $78,732. Just over 62% of the residents in the area have a bachelor’s degree or higher and 83% obtain white-collar jobs, making dwellers in the neighborhood highly desirable renters.
Unmatched Location
With a walk score of 97, Uptown Lofts is surrounded by an abundance of retail and dining amenities, as well as locally owned coffee shops, fitness studios and salons. The location of Uptown Lofts is an amenity in and of itself, allowing residents a short walk to a plethora of Hillcrest favorites, such as The Red Door, Farmer’s Bottega Restaurant, and the Hillcrest Farmer’s market. Additionally, the iconic Balboa Park is less than one mile from the property, allowing residents easy access to San Diego’s most historic landmark.
Generational Investment Opportunity
Uptown Lofts presents a rare opportunity to acquire a luxury investment property in one of Southern California’s most sought-after neighborhoods — Hillcrest. Completed in 2024, Uptown Lofts features state-of-the-art finishes and designer details that appeal to the high-end renter seeking modem urban living. Uptown Lofts is a turnkey, cash flow opportunity that rarely becomes available. Built in 2024, new construction is exempt from AB- 1482 (California Rent Control) which restricts rental increases on buildings more than 15 years old. Additionally, Uptown Lofts is in one of the most supply constrained submarkets in Southern California, which continues to experience outsized rent growth (+6.8% annual growth over the past 5 years, per Axiometrics).
MARKET OVERVIEW

The Property
Uptown Lofts is a 23-unit luxury apartment project located just a few blocks north of Balboa Park in the vibrant Hillcrest neighborhood of San Diego. With a Walk Score of 97, the brand-new property is situated on Fifth Ave near an abundance of trendy restaurants, coffee shops, local bars, specialty boutiques, and neighborhood conveniences.
The property brings a breath of fresh air to the Hillcrest neighborhood, which has long been undersupplied with new projects. Uptown Lofts features a variety of thoughtfully designed amenities and open plan concepts with designer finishes for its residents.
A Vibrant Community
Nestled just a few miles north of San Diego’s dynamic downtown, the vibrant neighborhood of Hillcrest boasts an impressive array of acclaimed bars, restaurants, coffee shops, and unique boutiques. Uptown Lofts, located in this amenity-rich area, offers the ideal lifestyle for the modern renter seeking convenience and charm.
Eat & Drink
- Rare Society (1.4 miles)
- Cocina de Barrio (300 ft)
- Trust (1 mile)
- Fort Oak (1.1 miles)
- North Park Beer Company (0.6 miles)
- Extraordinary Desserts (0.9 miles)
- Farmer’s Bottega (1 mile)
Just four blocks from San Diego’s Balboa Park
Balboa Park
Balboa Park is a cultural oasis that includes 18 museums, numerous beautiful gardens, and the world-famous San Diego Zoo. At 1,200 acres, Balboa Park is one of North America’s most renowned urban parks and a must see on any visit to San Diego. Located blocks from Downtown San Diego, the park has a rich history, reflected though its stunning architecture, thought-provoking exhibits and installation, and cultural events that take place throughout the year.
PHOTO GALLERY
Contact Us
San Diego Office
4275 Executive Square
Suite 700
La Jolla, CA 92037
INVESTMENT SALES
Tyler Sinks
Managing Director
619.890.8486
[email protected]
Lic# 01910220
Ed Rosen
Managing Director
858.342.0700
[email protected]
Lic# 01010225
John Chu
Managing Director
619.990.5200
[email protected]
Lic# 00966982
John Cunningham
Senior Managing Director
602.625.7476
[email protected]
AZ License #BR034840000
Charles Steele
Senior Managing Director
602.319.5007
[email protected]
AZ License #SA645142000
Jared Glover
Managing Director
602.526.4800
[email protected]
NV License #B.0144864
Mortgage Banking
Lee Scott
Senior Director
CA RE#02197126
858.257.4705
[email protected]
Clay Akiwenzie
Managing Director
775.447.0595
[email protected]
Hank Workman
Associate Director
805.231.9492
[email protected]
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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