$11,950,000

We are pleased to present the “The Historic at Carnegie”, a well-located multifamily investment opportunity situated on 0.23 acres in the vibrant core of Downtown San Diego. Located at 950 Ninth Avenue, this 61-unit property features a desirable mix of forty-eight (48) studio units averaging 550 square feet and thirteen (13) one-bedroom/one-bathroom units averaging 861 square feet. Each unit offers an efficient layout complemented by abundant natural light—meeting the lifestyle demands of San Diego’s active urban renter demographic. Residents enjoy a comprehensive suite of community amenities designed for comfort and convenience, including community-wide WiFi, on-site laundry facilities, controlled access, 24-hour building access, a roof top deck, a fitness center, and secure bicycle storage. Positioned just blocks from the Gaslamp Quarter, Petco Park, and the city’s expanding public transit infrastructure, the "The Historic at Carnegie" provides unparalleled access to major employment centers, universities, and entertainment destinations. The property has demonstrated historically strong occupancy and offers clear potential for value-add enhancements, making it a compelling opportunity in one of Southern California’s most sought-after rental markets.