1941 downtown view taken on Fifth Avenue looking South to F Street. A banner advertising Del Mar Racing hangs over the street. Karl's Shoes, the St. Regis Hotel and the Penn Hotel are on the left. The William Penn Hotel, at 511 F Street, underwent a massive renovation from 1999-2001 and now consists 18 residential units as well as 10,795 square feet of ground floor commercial space. It is on the list of historic buildings in the Gaslamp Quarter.