501-511 F StreetSan Diego, CA The William Penn

This iconic historic building is located in the heart of the Gaslamp Quarter in downtown San Diego. The mixed-use building was a prime candidate for repositioning with all 18 apartment units in need of an upgrade and a commercial vacancy on the ground floor to be filled along the high foot traffic nightlife corridor of Fifth Street. Maxxam pursued a full-scale

renovation throughout the building, upgrading the kitchens and bathrooms with state-of-the-art appliances and finishes. Upon completion of the project, all the residential units were successfully leased at market rent levels, and the commercial space was leased to a popular Mexican restaurant.

Property Highlights

  • Landmark located in the heart of the Gaslamp Quarter in downtown San Diego

  • 30,400 total square feet including 18 residential units and approx. 11,000 SF of commercial space

  • Built in 1913 / Renovated in 2016