THE SAN DIEGO HOUSING SURVEY April 2025

19 new high-rise buildings, 5,000 apartments, 200 low-income units, 10 low-income available

In April 2025 we visited and/or called 19 newer hi-rise apartment buildings built using density bonus exemptions. We expected 10% or 500 of the units would be affordable, not a measly 4%, 200 units.

REAL NUMBERS: 4,891 total units, only 202 units were designated "affordable" units, a studio rent was $1,722. Only 10 of 202 quasi-"affordable" units were available for rent in April, 2025.

The waiting lists for "affordable" units were full. The "affordable" units seemed like smoke and mirrors. The management companies didn't give us a reason to be hopeful. The builders got density bonus waivers to build big without having to offer much back.

AIRBNB GUESTS In A Luxury Building! Yes, new HIGH RISE buildings allow apartments to get rented as Airbnbs. Greystar Management Company is Airbnb-friendly. A Greystar managed building includes an Airbnb hotel with no front desk, no on-site management. The Airbnb guests get free access to gym, pool and work areas. You get to live with it. https://www.greystar.com

2025 HOUSING SURVEY DETAILS 19 Buildings/4,891 apartments/200 low-income

THE ONLY AFFORDABLE RENTALS AVAILABLE:

Buildings 1-3: The PINNACLE: 484 units, 51 affordable, 10 available $1,722/mo. [HOA fees waived. HOA for a 1 bedroom = $1,714/mo.] (2026)

IF YOU REALLY NEED AN AFFORDABLE RENTAL YOU'LL NEVER GET ONE OF THESE

Building 4: The Nash, 190 units, 10 affordable, 20 names on wait list

Building 5: Mode, 111 units, 10 affordable, 60 names on wait list

Building 6: Palisades, 300 units, 30 affordable, 140 names on wait list

Building 7: The Ava, 100 units, 10 affordable, 100 names on wait list https://www.avaloncommunities.com/california/san-diego-apartments/ava-balboa-park-affordable-program/ Building

Building 8: 525 Olive, 204 units, 18 affordable, 200 names on wait list, they wouldn't take a friend's name THESE DON'T TAKE NAMES FOR GETTING AN AFFORDABLE UNIT Building 9: Strauss on 5th, 140 units, 6 affordable, 0 available, no wait list Building 10: Strata, 163 units, 14 affordable, 0 available, no wait list Building 11: Park 12, 718 units, 23 affordable, 0 available, no wait list Building 12: Simone, 395 units, 30 affordable, 0 available, no wait list

Building 13: Sasan 53 units, 0 affordable, all tiny studios

NO AFFORDABLE UNITS INCLUDED IN BUILDINGS

Building 14: Instrata, 199 units, 0 affordable

Building 15: Denizen, 151 units, 0 affordable, developer paid in lieu fees

Building 16: Park Summit, 265 units, 0 affordable, developer paid in lieu fees

Building 17: The Lindley 422 units, 0 affordable, developer paid in lieu fees, first 7 floors/60 units Airbnb hotel https://www.sandiegouniontribune.com/2025/01/29/apartment-style-hotel-comes-to-little-italy/

THESE APARTMENTS ACCEPT SECTION 8

SECTION 8 FUNDING HASN'T INCREASED SINCE 2023, AND WAS CANCELED IN 2026. IF A VOUCHER IS GOOD FOR $, BUT THE RENT IS $$, YOU'RE S.O.L.

Building 18: Ruby The Society, 145 units to increase to 840, 0 affordable, accepts Section 8,

Building 19: The Winslow, 379 units, 0 affordable, takes Section 8