Log In/Sign Up
Your email has been sent.
The Historic at Carnegie 950 9th Ave 61 Unit Apartment Building $16,681,244 CAD ($273,463 CAD/Unit) 5.65% Cap Rate San Diego, CA 92101
INVESTMENT HIGHLIGHTS
- Prime Downtown Location: Located on approximately 0.23 acres in the heart of Downtown San Diego, just steps f rom the Gaslamp Quarter, Petco Park
- Mills Act Historically Designated Building: Substantial long term tax benefits its for new ownership
- Modern Resident Amenities: Amenities include community-wide WiFi, laundry facilities, 24-hour controlled access, a roof top deck, a fitness center
- Sizable Asset with Diverse Unit Mix: The property includes 61 units, featuring 48 studios averaging 550 SF and 13 one-bedroom units averaging 861 SF.
- Efficient, Well-Lit Floor Plans: Each unit offers a functional layout with ample natural light, appealing to a wide range of urban renters.
- Strong Walkability and Transit Access: With a Walk Score of 97, the property is walkable to restaurants, public transit, and key employment centers
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $16,681,244 CAD | Property Subtype | Apartment |
| Price Per Unit | $273,463 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.65% | Lot Size | 0.23 AC |
| Gross Rent Multiplier | 11.16 | Building Size | 37,593 SF |
| No. Units | 61 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1912 |
| Zoning | CCPD-NC | ||
| Price | $16,681,244 CAD |
| Price Per Unit | $273,463 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 11.16 |
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 37,593 SF |
| No. Stories | 5 |
| Year Built | 1912 |
| Zoning | CCPD-NC |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Vintage Building
- Roof Terrace
- Bicycle Storage
- Community-Wide WiFi
- Elevator
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 48 | - | 550 |
| 1+1 | 13 | - | 861 |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 534-323-03 | Improvements Assessment | $218,742 CAD |
| Land Assessment | $328,111 CAD | Total Assessment | $546,853 CAD |
PROPERTY TAXES
Parcel Number
534-323-03
Land Assessment
$328,111 CAD
Improvements Assessment
$218,742 CAD
Total Assessment
$546,853 CAD
1 of 26
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Historic at Carnegie | 950 9th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.