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California  + San Diego  + Apartments  | 

Mixed-Use Affordable Sells in San Diego’s Gaslamp Quarter 

Urban Property Group (UPG), a real estate services firm specializing in urban and coastal commercial property, finalized the sale of the mixed-use building known as the Lincoln Hotel for $2.55 million. The property, located at 534-536 5th Ave., is a historically designated Marker Number 60 in the Gaslamp Quarter.   

Rising four stories and spanning approximately 14,503 square feet, the building is currently occupied by El Cabron Restaurant on the ground floor and 41 affordable housing units on the upper floors. Lincoln Hotel Partnership sold the property with representation by Bill Shrader of UPG.  

“This is a great location in Gaslamp, and with the upcoming Campus at Horton just two blocks from the property, it is positioned for future success,” said Shrader.  

The buyer, Cyrus and Emilia Investments, plans to renovate the affordable housing component of the property.

Don’t miss Connect LA on May 3 at the Hotel Indigo. Connect in person with California CRE experts like Colliers Vice Chair Sean Fulp.  

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Urban Property Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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