New Palace Hotel
New Palace Hotel is an 80 unit Low Rise SRO Apartment complex for seniors located at 1814 5th Avenue in the Banker’s Hill neighborhood. (Just north of interstate 5 on 5th Ave)
The building was originally constructed in the early 1900’s but was completely rebuilt in 1991 to original specifications following a fire that destroyed the entire complex. At the time of rebuild, individual bathrooms were added to each unit.
The project is currently serving extremely low income seniors at or below 30% of area median income that are at-risk of homelessness.
The 80 units consist of 157-301 sq. foot SRO apartments that are equipped with a bathroom, bedroom, and closet.
The site contains approximately 2300 square feet of vacant retail space.
Common area amenities for the project include a lobby, terrace, full service commercial kitchen and dining hall, laundry room, community storage, media room, and landscaped courtyard.
1814 5th Avenue
San Diego CA 92101
80 Units of Senior Housing