950 9th Ave San Diego, CA 92101
East Village NeighborhoodEstimated payment $66,925/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Home Design
Interior Spaces
- 1 Bedroom
- 37,593 Sq Ft Home
- 5-Story Property
Community Details
- 61 Units
- Operating Expense $454,182
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $49,533 | $389,563 | $233,737 | $155,826 |
| 2024 | $49,533 | $3,715,526 | $2,229,315 | $1,486,211 |
| 2023 | $56,115 | $4,450,185 | $2,670,111 | $1,780,074 |
| 2022 | $57,659 | $4,362,953 | $2,617,771 | $1,745,182 |
| 2021 | $57,527 | $4,362,953 | $2,617,771 | $1,745,182 |
| 2020 | $56,764 | $4,318,247 | $2,590,948 | $1,727,299 |
| 2019 | $55,266 | $4,233,698 | $2,116,849 | $2,116,849 |
| 2018 | $51,715 | $4,150,686 | $2,075,343 | $2,075,343 |
| 2017 | $50,412 | $4,069,300 | $2,034,650 | $2,034,650 |
| 2016 | $49,509 | $3,989,510 | $1,994,755 | $1,994,755 |
| 2015 | $48,694 | $3,929,584 | $1,964,792 | $1,964,792 |
| 2014 | $47,694 | $3,852,610 | $1,926,305 | $1,926,305 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2025 09/09/25 | For Sale | $11,950,000 | -- | $318 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | $3,760,000 | Chicago Title Company | |
| Grant Deed | -- | Chicago Title Co | |
| Grant Deed | -- | Chicago Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,700,000 | Construction | |
| Previous Owner | $2,965,000 | Commercial |
Source: San Diego MLS
MLS Number: 250038461
APN: 534-323-03
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