New Palace Hotel

New Palace Hotel is an 80 unit low rise studio apartment complex for seniors located at 1814 5th Avenue in the Banker’s Hill neighborhood. (Just north of interstate 5 on 5th Ave).

This 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 building. At the time of rebuild, individual bathrooms were added to each unit.

HDP acquired the property in 2016, immediately prior to expiring restrictions that would have turned the property into a higher-rent development. HDP’s acquisition will keep the apartments affordable for 55 years.

In 2018, HDP completed a comprehensive renovation of the building, including upgrades to building systems that were nearing the end of their useful life, as well as an elevator modernization. HDP also added kitchenettes to each unit, improving the quality of life for the residents.

The project is currently serving low income seniors at or below 30%, 50% and 60% of area median income that are at-risk of homelessness.

The 80 units consist of 157-301 sq. foot studio apartments that are equipped with a bathroom, bedroom, kitchenette and closet.

Common area amenities for the project include a lobby, terrace, dining hall, laundry room, community storage, media room, and landscaped courtyard. A computer room was also added during the 2018 renovation. The site also contains approximately 2,300 square feet of retail space.

1814 5th Avenue
San Diego CA 92101
80 Units of Senior Housing