Carmel Partners


85 Unit Renovation in San Diego

Region: Southern California
Address: 2015 Hancock Street, San Diego, CA 92110
Strategy: Renovation
Status: Sold
Acquisition Date: 04/12/2011
Units: 85

A 21st century take on a timeless tradition of urban architecture, Loft2015 defines the new aesthetic of loft living in San Diego.

Loft2015 is a stylish, contemporary property in the urban neighborhood along Hancock Street in San Diego. Situated at the crossroads between Old Town, downtown, the airport, and the bay, the property enjoys close proximity to transportation hubs as well as employment, shopping, dining, and entertainment options. Loft2015 Exterior The 85 units were renovated with new paint, flooring, and window coverings. All spaces have floor-to-ceiling windows and nine-foot ceilings that provide residents with bright, modern living areas in a range of layouts. Premium interiors include fully-equipped kitchens with stainless steel appliances, office nooks, and designer accent tile. The modern finishes complement the unique urban design of the buildings, which were also improved with new planters, façade repairs, and other decorative features. Hero 2 - LOFT2015 Premium community features extend to the common areas, including an expansive lounge-like courtyard with BBQ, underground parking, controlled entry, and complimentary Wi-Fi throughout the property. Operations were enhanced through improved property management, targeted revenue management and lease expiration strategies, and increased utility recovery income. Hero 3 - LOFT2015